USD/TRY could very well be trying to retest last weeks high (The green line). There was an hourly bull signal bar and the high was triggered on the following bar, so to me, that's worth buying for a 2x moves based on the height of the bar, which is slightly above next weeks high. Perhaps we could get an even bigger retest up... hold the swing and see what happens....
Turkish lira has reached to a Pointe of resistance, in the coming days we might see pull back till 3.05 - 3.00 - 2.95 , breaking of uptrend shows the invalidation of anticipation.
Trade with care
My last usdtry count... There is no other way to count this pair. Its your own risk. And this is my risk. Look low time frame for good short long opportunity.
USDTRY 1Weekly
2 months I thought in the long run, I think we would come close to 3.0000 TRY in the direction of the trend up
USD TRY 1W
Resistance :2.98000 - 3.0000 - 3.1000
Support: 2.95000 - 2.90000 - 2.85000
This is not investment advice
