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Usdtrylong

USD TRY BULLS IN ACTION ANOTHER TIME This pair even was exposed to Impact News related to US-Turkey Crises , so we will see if the technical will be the winner Vs Fundamental for this time because the Turkish Government get some Good Economics Decisions and move to Find a solution and Trying To resolve his conflict with the USA, but the The most important question to be asked on this critical moment is the actions taken by Turkish Government are sufficient enough to stop the falling of its currency again to the USD. Technically in 1h Frame we can observe that we have a end of consolidation and there is an Price action its indicate that bulls are in action for another Bullish Price Move for the next hours. My Prediction is detailed Clearly on chart. Sofiane Nait Ali
Long
by winerstep
USDTRY is another rising wave ?... The exchange rate is reduced by a reduced ATR and moves at a lower rate. In this case, a triangular formation is expected, also called a flag formation. From this figure, when an upside-down occurs, the exchange rate can go out with a sharply increased momentum and speed. Because the base build required for the rise occurs within the triangle. If the theory is correct, we are heading for a re-strenuous US dollar strengthening. If the exchange rate drops down from the triangle, you can look forward to a long sideways.
Long
by meszaros