Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
According to the economic situation is Turkey, USDTRY became like a altcoin. Past 3 months it devaluated about 100%. Now volatility increased and in one day it it increase 10% up and -9% in minutes. Today it break the resistance and correction should be near 15 by 10th Jan, let's see. Not a investment advice... Do your own research.
If the rising wedge will be broken, I will go for short until 7.20-7.25 support level. Stop loss above the resistance line.
USDTRY 4H BUY POSITION PIN BAR FORMATION
expecting USDTRY pair back to 5.68. good luck.
See chart for illustration This is a follow up on a long term speculation published earlier ( see link below for reference purpose)
See chart for illustration. Lower time frame speculation coming soon as price action is monitored
See chart for illustration Lower time frame speculation coming soon as price action is monitored
USDTRY a Potential Cypher pattern Time will tell of the opportunity we see, patience is key. Hopefully, you found this helpful! If so please like or comment, your feedback is appreciated!
USDTRY - Turkish Lira - Possibility of Uptrend
Expecting bullish trend continuation to the upside...