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LewisGlasgow
Nov 28, 2016 1:40 PM

USD/TRY - Market Direction 

U.S. Dollar/Turkish New LiraFXCM

Description

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 :)
Comments
mjadid
Nice idea, also we can see a very nice pin bar confirming the short term low.
LewisGlasgow
@mjadid, thank you very much :) spotted that too... I hope you have a great week!
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