peterbokma

USDTRY-RANGE and feel upside bias

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
We have not changed an inch almost on the currency pair, and that is worrying. It is like flipping of a coin in seeking direction.

For now, SELL strategy better fit since we are near resistance 14.25 (14.3500 stop-loss) and also we are moving below the cloud coming sessions. This is usually a negative sign so I still believe we see lower 11.80-10.50 short-term.

Once the resistance 14.23 is broken, will ignite sharper up move.
Comment: please read DOWNSIDE BIAS

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.