USDTRY Short

OANDA:USDTRY1D

USD/TRYOANDA

Description

⋅ Feb 19, 2017 2:57 PM

Weekly - Big Bearish Pin Bar Setup
Daily under 21 SMA, Rejection of 8 EMA.
Multiple Rejections at key levels.

Comment

⋅ Feb 23, 2017 8:58 AM

Potential Retest of the new resistance with a lower High. Daily Price rejecting 8 EMA
s3.amazonaws.com/tradingview/snapshots/c/CsEC3yxZ.png

Comment

⋅ Feb 23, 2017 7:52 PM

Expecting Price Consolidation followed by a break in the upcoming days.
s3.amazonaws.com/tradingview/snapshots/q/Q716rtba.png

Comments

jesuscarson

⋅ Feb 19, 2017 6:36 PM

I have it as a long from 3.59176 (that huge wick three highs ago). I don't see the USD dropping as significantly as you think. I mean come on, its Turkey for god sake.

MihaiBot

⋅ Feb 19, 2017 6:57 PM

@neckbot, well it's Turkey. But I have an idea on usd losing power on the long run. I don't believe usd weak > Turkey. The price rejected 3.9 3 times, and most likely this is the first impulse of a bearish move. Will check soon the support trend line.