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U.S. Dollar / Turkish Lira

USD TRY Bullish Flag Formation

By wo0t7
Updated
Possible BUY / SELL positions for USD/TRY. This is not a trade advice, do trade by your own will and check chart regularly.
Comment
Trade is still active, its falling towards buy zone and still bearish, after jump from trend it may break the top trend, so chart should be watched carefully.
Comment
Morning star is formed and will start uptrend today
Comment
It made an early breakout, if 4 hour chart stays above the triangle it will push up more.
Comment
snapshot

Trade is still active and it started to fall, tried to breakout but couldnt and it looks like the second try will be a breakout.

Possible new buy target is around 4.60 but confirm that it returned from the buttom line of triangle and watch carefully for breakout.
Comment
snapshot

3 Line strite pattern on 1hr chart, it will turn from downtrend and possible try to breakout again.
Comment
It hit the bottom of the triangle and may breakout to bottom
Trade closed: stop reached
Stop reached and it broke to bottom, possibly will return around 4.45 support.
Trade closed: target reached
Chart PatternsTrend AnalysisTRYUSD

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