custom_drake
Long

USDTRY bullish falling wedge

FOREXCOM:USDTRY   U.S. Dollar / Turkish Lira
USDTRY price at the bottom of uptrend channel , bullish falling wedge formed, may go long if break out up....
Also price can fail from wedge , which means we can short down
Comment: Price broke falling wedge and price back to uptrend channel.
we may see some retest of wedge and move higher.
Or it was just fake out and really price can move all way down to 5.0 price level.
Comment: Looks it was fake out.. and price continue to go down...

Comments

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