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InvestingScope
Oct 17, 2019 5:50 AM

USDTRY: Channel Up on 1D. Buy opportunity. Long

USD/TRYOANDA

Description

The pair is trading within a Channel Up on 1D (RSI = 62.022, MACD = 0.054, Highs/Lows = 0.0493) since the August bottom. It is currently in the process of pulling back for a Higher Low and that will be our opportunity to buy. TP = 6.1000. Notice how when the RSI turns sideways it denotes a Channel pattern, both on the downtrend and uptrend.





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