USD/TRY: Yields, Resistance, and RSI Divergence Point Lower
Updated
1) Potential double top forming on daily chart, near 6.00 round-number
2) US/TR 2-year yield differentials forming slight divergence
3) RSI forms a bearish divergence
4) Positioning and data support a stronger USD - possible headwind for the setup
5) Break above 6.00 invalidates the idea
2) US/TR 2-year yield differentials forming slight divergence
3) RSI forms a bearish divergence
4) Positioning and data support a stronger USD - possible headwind for the setup
5) Break above 6.00 invalidates the idea
Order cancelled
Trade wasn't taken after the break above 6.00 invalidated the idea
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