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.

This analysis is done using RichTL
www.RichTL.com

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