peterbokma

USDTRY-RANGE with SELL bias

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
Welcome to dream land. The range is same every day, but slowly we are moving below cloud by default. Maybe 3-4 more days and we will have 13.60 cloud resistance. Further, strong resistance 14.23. The Donchian support is only 10.20 for now.

My view remains same, SELL current 13.25-13.75 range for a move back to 11.80 > 10.20 short-term.

LONG-TERM SELL 13.50-16.50 for 9.0000 objective.

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