USDTRY Descending Triangle Breakout
I see possible short term gains on USTRY pair, in my opinion it can cross 9.0 mark this year easily.
From technical point of view, it broke Descending Triangle Pattern and has to continue falling further up to 9.0 and above. We have a long range Ascending Wedge Pattern that has been formed since 2018, so it can retrace a bit after hitting upper green line.
On RSI we can also see breakout from downtrend, which is also a good indicator that price can go up to 9.0 and above.
From technical point of view, it broke Descending Triangle Pattern and has to continue falling further up to 9.0 and above. We have a long range Ascending Wedge Pattern that has been formed since 2018, so it can retrace a bit after hitting upper green line.
On RSI we can also see breakout from downtrend, which is also a good indicator that price can go up to 9.0 and above.
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