suburra
Short

USDTRY 4H - STRONG SELL

FX:USDTRY   U.S. Dollar/Turkish New Lira
8 months ago
8 months ago
Comment: still valid
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8 months ago
Comment:
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FDK
8 months ago
Doubtful. I dont think it has any solid reason to go down, because it isnt forming a stable resistance. I think it has a chance of reaching 3 this week.
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suburra FDK
8 months ago
just watch
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DownUnder suburra
8 months ago
its doing something strange now
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FDK suburra
8 months ago
still watching :)
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FDK suburra
8 months ago
if it passes 2.985, it will be a huge long opening for next week.
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suburra FDK
8 months ago
how?
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FDK suburra
8 months ago
2.98 has always been an important pivot point, and if that resistance doesnt hold, i suspect USDTRY may build up enough momentum to get past 3 and test 3.05's again.
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suburra FDK
8 months ago
agree it is... will go to 3.05... but this is a (1) or (a) leg... before correction to 2.89-2.9 it cannot test this level.
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suburra FDK
8 months ago
and it will hit 3.09 not 3.05... but first correction...
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FDK suburra
8 months ago
Dollar index just broke a big resistance and is expected to fly next week, while turkish politics continue to be unstable. I think it should go longward
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suburra FDK
8 months ago
yes in big picture dxy is bullish... but they cant go only up up up... they must do corrections. If you want you buy. But im not buying this pair.
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