Turkish Lira massive descending triangle ready for a break: LONG
The Turkish Lira (TRY) has been an embattled currency for decades and in its Euro pair (EUR/TRY) it had some relief but it looks like
the halt to continued Lira sell-off may be soon over as EUR/TRY looks ready to burst out of its multi-week descending triangle.
In this video I look at one recent example of a similar triangle formation and its outcome, comparing it to the current one and
trying to gauge what trading potential there may be now relative to size,
I also look at ATR for confirmation of volatility.
Thanks for watching!
Francesco (FreeFX)
the halt to continued Lira sell-off may be soon over as EUR/TRY looks ready to burst out of its multi-week descending triangle.
In this video I look at one recent example of a similar triangle formation and its outcome, comparing it to the current one and
trying to gauge what trading potential there may be now relative to size,
I also look at ATR for confirmation of volatility.
Thanks for watching!
Francesco (FreeFX)
Related publications
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.