Rick_69ro

USD/TRY 2H - LONG STRONGER THIS TIME ?

Long
FX_IDC:USDTRY   U.S. Dollar / Turkish Lira
A second bottom formation Head and Shoulder is shaping - the right shoulder to rise up to the neckline of 1.54. Could the pair get above the neckline with stronger momentum this time ? RSI divergence is quite extended, price consolidation as well, the move up should be violent.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.