Hello guys , hope you're enjoying your weekend.
USDTRY was heavily bullish but now i think this is the last push up
1st because the price reached its objective and now in order the buyers to get involved again they must wait for the second leg low
2nd we have a nice channel and currently the price at the high of it forming a nice bearish signal
we have plenty of room to the downside as long as the price is below the measured move and the channel
trade with care. good luck
USDTRY was heavily bullish but now i think this is the last push up
1st because the price reached its objective and now in order the buyers to get involved again they must wait for the second leg low
2nd we have a nice channel and currently the price at the high of it forming a nice bearish signal
we have plenty of room to the downside as long as the price is below the measured move and the channel
trade with care. good luck
Order avbruten:
No signal to short , price is keep moving higher with no red candles + this week the market has opened above the measured move so this trade setup is no longer valid ,i'll update the pair once i see another short potential