Range
The USD/TRY is still in a range for a long time now between 6.14 and 5.19 after breaking a little resistance at 5.84 the trend is not clear we might come back above 5.84 again or we could continue to 5.59 , we are still above the 200 moving average and the geopolitical risks are here so we should be cautious
my strategy is to wait for a close above 5.84 to buy and target 6.14 or a close under 5.59 to short then target target 5.19
my strategy is to wait for a close above 5.84 to buy and target 6.14 or a close under 5.59 to short then target target 5.19
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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.
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.