LewisGlasgow

USD/TRY - Market Direction

FX:USDTRY   U.S. Dollar / Turkish Lira
Today we're taking a look at the future market direction of USD/TRY             on a Daily chart . You can clearly see price has creating multiple levels of support and resistance and trading within a solid channel since early 2015 with one breakout during July to October this year.

We have just bounced off our trendline at 3.47500 and I can see price pushing lower before continuing the bullish move :)
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Nice idea, also we can see a very nice pin bar confirming the short term low.
+1 Reply
@mjadid, thank you very much :) spotted that too... I hope you have a great week!
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