its a false breakout... expecting price action to 2.40
Can we expect more decline from this point? I believe so and here is why: Since it reached all time high, USDTRY was unable to continue that trend and started making lower lows if you look at the 1h graph. First real decrease happened in the previous few days and 61.8% retrace was completed with the pair unable to continue higher. RSI bearish, MACD pointing...
$USDTRY may fade here. Although not overbought yet
USDTRY 1 H Short Resistance: 3.1800 Support: 3.1600 -3.14000 This is not investment advice
USDTRY 1D Resistance:3.11000 3.1250 -3.1350 Support: 3.09500 - 3.0900 - 3.0850 This is not investment advice
USDTRY - Bearish BAT - SHORT I dont trade emerging FOREX PAIRS So just a free signal :) Great RR Small divergence Overbought RSI
Support: 3.0850 - 3.0750 - 3.0730 This is not investment advice
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.
It`s your own risk! i`ll take my risk... If will extend 5th wave, i will stop.