TheSignalyst

USDTRY TOP-DOWN ANALYSIS

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
USDTRY TOP-DOWN ANALYSIS

we are waiting for an objective break below our red or blue trendline to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in blue)
2- Objective Channel, still forming (in blue)
4- Supply / Round number 7.000 (in purple)

Three confluences are enough to consider Selling USDTRY, after an objective break below our trendlines.

Trading Made Simple; and Rule-Based
www.RichTL.com

Instagram:
www.instagram.com/richthesignalyst

Telegram:
www.t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.