USDTRY is in a long-term uptrend for more than 12 years and , same as any trend, it tends to have pullbacks. for the 1st time this pair has broken EMA50 (in weekly time-frame). But, bellow , we have the very strong S/R zone of (6.7 to 6.9) it is in coincidence with ema100(weekly). i wont sell this pair until this level is not broken.
Many thanks for your great explanation, for someone really newbie in this, could you please make it simpler? Should I buy USD or sell? Do you expect the TRY will further fall or recover for the next 6 months?
Many thanks for your kind answer
asharifan
⋅
@hotIguana60829, Dear Friend, the 1st thing in forex is that, you must trade what you see .do not matter what do i think .in this moment i dont trade this pair. i need a reliable trigger in an important level.
anyway, in case of a clear weekly close upper than 7.1 , i will buy
hotIguana60829
⋅
@asharifan, Thanks a lot for your reply, I appreciate it. I have a question when you say " in case of a clear weekly close upper than 7.1 , i will buy" Do you mean you will buy USD from TRY or buy TRY from USD? please forgive that I am a newbiew. Thanks.
Many thanks for your great explanation, for someone really newbie in this, could you please make it simpler? Should I buy USD or sell? Do you expect the TRY will further fall or recover for the next 6 months?
Many thanks for your kind answer