Technicalanalyst
USD/TRY Break uptrend? 10 cents by 2022? I am slowly getting into forex, Played with ti a little bit.
When I went to turkey end of Jan exchange for tourists were still great but i went jan 31st and left feb 7th and When I got there it was around 1USD was 7.32 Turkish Lira.
By the time I left (Feb 7th) it was nearing its bottom before the spike from from 6.92 to almost a full dollar more in less than a month to 1 USD $7.78!
I see the power of FOREX and this will be the Next journey! Been doing some research.
Lets go.. Money never stops!
A CLEAR BREAK AND RETEST CONTINUATION TRADE ON AUDNZDAfter the break of range zone, price retraced back and retest the broken level which is also aligned with dynamic resistance (mean value), 50.0 Fib, and weekly resistance. Our goal is to look for continuation trade after the breakout of the counter trend line (CTL). Now we have the break and retest of the bearish CTL, we give a shot for short. Entry, Stop Loss and Target are clearly defined on chart.