vlad.adrian

EURTRY - Ready for a swing

Long
FX:EURTRY   Euro / Turkish Lira
3
The weekly chart finds this pair at value Nothing to say here, chart neutral, although the preceding trend is up.

On the daily chart, there has been a long consolidation period, with a sort of H&S pattern, with a triangle, doesn't really matter what it is, it's going sideways. Today looks to me like either a H&S neckline rejection or a triangle breakout. Anyway, I believe we will see this pair at the previous serious resistance area.
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