USDTRY respected important fibonacci level 61.8 and at the same time bounced from strong support.
That puts TP 1 to 6.15000
TP 2 to 6.50800
TP 3 to 7.70800
Fundamentals makes TRY losing value. qz.com/1313486/the-turkish-lira-has-lost-two-thirds-of-its-value-under-recep-tayyip-erdogan/
That puts TP 1 to 6.15000
TP 2 to 6.50800
TP 3 to 7.70800
Fundamentals makes TRY losing value. qz.com/1313486/the-turkish-lira-has-lost-two-thirds-of-its-value-under-recep-tayyip-erdogan/
Note
To be safe as possible its better to wait for trendline break and retest. After that the bullish move can happen really quickly. Resistance was broken. Trade active
Nice break and retest of trendline. Like expected. No reason to short this pair. 
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.
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.