USDTRY made a huge run since last year, breaking out off a ascending triangle. Since then it didn't look back, so I hope we can see a pullback to 3.60-3.63. If price makes higher lows again + consolidating I would be looking to long this. This is a trade where you don't want to enter early, rather wait on confirmation otherwise you could get short squeezed.
Noteworhy
Noteworhy
- Negative divergence on the RSI. (Meaning price is making higher highs and the rsi lower highs - bearish)
- Fibonacci extensions shows interesting area's, first high was 0.382 and the second 0.618. Proving once again how important fibonacci is.
- Support trendline needs to be broken to get a a significant pullback.
