The Bulls Continue to Gain Strength on The USDTRY

Dollar A.S. / Lira Turki (FX:USDTRY)

FX:USDTRY Dollar A.S. / Lira Turki

trendanalysis supportandresistance pivotpoints ｆｘ forex price breakout technicalanalysis bullflags usdtry

Last post: May 15th. See chart.

Review: We were waiting on price to confirm a breakout by the end of the trading day.

Update: The breakout was confirmed. Price is now suggesting another breakout in the form of another bull flag.

Conclusion: A confirmed bull flag will strongly suggest a continuation of the bull trend and offer another long entry point.

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