We managed to capture the bull run originating from 7.00 level to 7.80 level with our last USDTRY analysis published at march 1st.
Recent price action suggests that price may stay sideways between 7.80 level and 7.50 level for some time.
Range plays in this zone should be considered the wise thing to do.
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Hey everyone
Here's a look at the DOLLAR / TURKISH LIRA
* Many stars aligning with the Bulls on the lira the pair traded in a descending channel broke with the bull and we've been in a beautiful uptrend
since.
* looking for continuation patterns as we are already trading in one which is the bull flag, trading at a key level.
* momentum with the...
Good day everyone
Hope everyone is having a good one in the markets this week.
^ Here's a look a the DOLLAR / TURKISH LIRA
* The pair broke out of the descending channel structure and pulled back for a retest of this structure signalling continuation.
* Currently traded in a bull flag which saw a break above and a pull back to retest structure also...
HELLO EVERYONE
Hope everyone is having a good one as we head to the next week in the charts, Here's a look at the DOLLAR / TURKISH LIRA FROM A 4H perspective
* The pair has been on a down trend in a descending channel structure that has been respected.
* Currently range bound in a symmetrical triangle structure which could breakout in either direction so price...
