. The price is trying to break downtrend #1 for the second time. It will be a buying opportunity if downtrend #1 is broken.
. Also, it will be a possibility of temporary retracement to the buy zone when the price reached the suggested resistance line (7.5150) and downtrend #2.
. Traders can set orders based on Price Action in the buy zone and expect to reach short-term targets.
. USDTRY is in a downtrend. A divergence is formed, and the beginning of an uptrend is expected.
.The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The is at 70.
TP1= @ 7.7350
TP2= @ 8.0303
TP3= @ 8.3652
TP4= @ 8.5690
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment; let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️