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USDTRY short on bearish divergence

Short
U.S. Dollar / Turkish Lira (FX_IDC:USDTRY)  
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FX_IDC:USDTRY   U.S. Dollar / Turkish Lira
USDTRY turkey USD Forex forextrading forextradingzones Relative Strength Index (RSI) rsi_divergence overbought structure consolidation Fibonacci
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usdtry turkey usd forex forextrading forextradingzones relativestrengthindex rsi_divergence overbought structure consolidation fibonacci
Bearish divergence on the RSI, indicating a possible short opportunity. This is strong divergence as we are still in the overbought region.

Seen a strong rally in the USDTRY recently over the political uncertainty in Turkey. We are seeing a consolidation at the top as the market gains some relief over the strength of the rally. This is a way to play that consolidation.
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