Based on long term slope analysis (parallels), USDTRY reached resistance last week. I like the short side now…that simple. Also, a bullish volume reversal triggered on a weekly basis for TUR (see below). Previous signals have coincided with USDTRY tops. Also, EidoSearch results are overwhelmingly bullish TRY (this was originally published at scandex.com/2020/11/...ember-is-for-turkey/ please visit to see the full post).
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/