Uptrend channel has been broken, will short here. TP1- 7,40 TP2- 7,33
Shorting USDTRY @7.43 Interest rates are very high (17%), therefore it seems unlikely to break the 7.44 resistance. The Chief of Central Bank says that they can increase the interest rates if foreign exchanges rise against Turkish Lira.
If the rising wedge will be broken, I will go for short until 7.20-7.25 support level. Stop loss above the resistance line.
DAILY CHART W/ SUPDEM & PARALLEL CHANNEL FORMATION If you find my analysis useful, you can support it by liking and commenting.
Made this to show someone, trade at your own risk...
USDTRY H4 CHART If you found my analysis useful, you can support it with your likes and comments.
H4 CHART. W/ BUTTERFLY PATTERN If you find my analysis useful, you can support it by liking and commenting.
H1 CHART W/ BAT PATTERN. If you find my analysis useful, you can support it by liking and commenting.
It's my personal analysis and opinion, act at your own risk when trading. It's not investment advice.
It's my personal analysis and opinion, act at your own risk when trading. It's not investment advice.
OANDA:USDTRY SELL FROM 7.83852 SL-8.00000 TP-7.39000
It's my personal analysis and opinion, act at your own risk when trading. It's not investment advice.
It's my personal analysis and opinion, act at your own risk when trading. It's not investment advice.
It's my personal analysis and opinion, act at your own risk when trading. It's not investment advice.
It's my personal analysis and opinion, act at your own risk when trading. It's not investment advice.
This is my personal opinion and observation. it is not financial advice.
This is my personal opinion and observation. it is not financial advice.
This is my personal opinion and observation. it is not financial advice. Bu benim kişisel görüşüm ve gözlemimdir. Finansal tavsiye değildir.