Turkey is one of those currency which competed well against the USD for last 2 months. But it's seems like it has given up now (may be for a while) against USD, just how it was like 1 year before. Please find below the USDTRY daily chart analysis,

You couldn't have seen better setup than this to take a long position. The red candle just stopped when reaching the previous price action. Followed by that, an engulfing green candle is formed which clearly shows that it is setting up nicely for a short bull run to hit the previous high!

Hope I get this right. Happy trading!
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –