Trade Results: USD/TRY, USD/PLN, USD/RON

Brian Twomey Brian's Investment

USD/TRY Weekly Trade

USD/TRY for the past 2 weeks represents the gift that keeps on giving. USD/TRY remains deeply overbought short, medium and long term. USD/TRY could easily achieve a low 6.000's exchange rate.

Short 7.3956 and 7.4123 to target 7.2284. Better target 7.1949

Highs 7.4016, Lows 7.2062

Trade ran +`1954 pips.

USD/PLN

Long 3.6853 and 3.6988 to target 3.7668. Better target 3.7939.

Lows 6.6637, Highs 3.7214

Trade runs from 3.6853 + 361 pips from 3.6852

Long way to target

USD/RON

Long 4.0652 and 4.0780 to target 4.1290. Better target 4.1546.

Lows 4.0426, Highs 4.0922

Trade Runs +270 pips

3 trades, 3 days +2585 pips

1 lot was added to USD/PLN and USD/RON at the lows.

USD/PLN

Open Monday at 3.7127 and entry at 3.6853. Traders could've easily taken this trade short to 4.6853 for 300 ish pips then reverse long and trade to target or to a satisfactory exit level. The same opportunity existed for USD/RON.

USD/RON opened at 4.0830 and traded to lows to entry at 4.0652 and lows at 4.0426. Traders could've easily traded USD/RON short for 300 ish pips then reversed long and trade to target or to a satisfactory exit level.

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

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