No change of view. Yes, it is a super slow market without much movement at all. That is why it is a real selection which side to choose.
Based on positive MA-10 vs. MA-30 and MACD positive, the BUY side is likely the better one for now. BUY between 13.50-13.90 for move to 16.11. (resistance 14.08) and stop loss below 12.30.
Looks like your initial view of a down trend is much better than your recent upside move, which is not happening, at least for now. Will you update or you still believe it will reverse to an up trend?
rTrader_official
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don't decide too soon, all currencies just affected by DXY and TRY affected too, price is still so extremely bullish in a uptrend, don't expect this correction change the price way, in future price will hit 12.76 if this support hold the price then it can be continue in uptrend up to 13.80,
peterbokma
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@rTrader_official, likely you are right, but I always wil review and see what the effects are going to be. thanks for the comment. tc
rTrader_official
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@peterbokma, your analysis is right but sometimes fundamentals takes more time for the price move continuation
peterbokma
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@rTrader_official, ok noted and I appreciate your comment of course.. tc