InsideMarket

USDTRY - ABC consolidation near trend line.

FX:USDTRY   U.S. Dollar/Turkish New Lira
After some bearish dynamics in the past weeks, now the pair plays a bullish ABC             correctional consolidation.
Therefore the price is close to long-term trendline , a close monitoring could spot several opportunity if the current dynamic still plays on.

The Relative Strength Indicator can provide insightful observation. See how it behaves when it is in consolidation and when it is trending.

Happy trading!

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