USDTRY - Daily - I think it's time for a Turkish coffee break.
I think the Turks are tired of devaluating its currency. It's US time. Maybe...
So the chart is drawing us a nice steep trend line. Which is just asking to be broken.
Looking for a good SELL if we close below that line on the Daily.
Entry for a SELL approximately at around 3.88500 with a potential move to 3.80.
Looking for a BUY only if we close above 3.95500 with a target of 4.
At the moment, leaning more towards the SELL side.
Be careful and keep an eye on the price action!
So the chart is drawing us a nice steep trend line. Which is just asking to be broken.
Looking for a good SELL if we close below that line on the Daily.
Entry for a SELL approximately at around 3.88500 with a potential move to 3.80.
Looking for a BUY only if we close above 3.95500 with a target of 4.
At the moment, leaning more towards the SELL side.
Be careful and keep an eye on the price action!