USDTRY- 02Mar2022
On the monthly, USDTRY was not able to close above the previous monthly candle. Hence, price action is mixed for Mar22. On the daily, price could potentially dropped back to retest 20EMA at around 12.580.
On the H4, price is holding up above the ascending trendline near the 13.800 area. Price action is mixed for now but if it broke below the ascending trendline, we could potentially expect it to drop to daily 20EMA support at 12.580.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the monthly, USDTRY was not able to close above the previous monthly candle. Hence, price action is mixed for Mar22. On the daily, price could potentially dropped back to retest 20EMA at around 12.580.
On the H4, price is holding up above the ascending trendline near the 13.800 area. Price action is mixed for now but if it broke below the ascending trendline, we could potentially expect it to drop to daily 20EMA support at 12.580.
This is for personal record purposes only, not financial advise or solicitation of trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.