ugurcagriyilmaz

BIST - Loss of momentum on sale, possible pullback

BIST_DLY:XU100   Indice BIST 100
After a strong sale followed by the bears, these are key levels to follow, still being bearish, this level offers a 1:1 risk ratio, and I do not like these odds in this market. Better to stay aside and let it decide it's move, entering Long when in the below levels will offer a higher risk reward ratio which is desirable, entering either Long or Short depending on the market conditions if the price rises, also offers a better risk to reward ratio hence, my strategy is at rest right now.
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