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TheSignalyst

USDTRY Potential Bearish Movement

Short
Dollaro / Nuova lira turca (FX:USDTRY)  
TheSignalyst  
FX:USDTRY   Dollaro / Nuova lira turca
Trend Analysis Chart Patterns Technical Indicators USDTRY TRY SELL breakout Bearish Patterns Parallel Channel Divergence alltimehigh
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trendanalysis chartpattern indicator usdtry try sell breakout bearish parallelchannel divergence alltimehigh
USDTRY Potential Bearish Movement

we are waiting for a momentum candle close below 6.690 to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Channel (in blue)
3- All-Time-High

Three confluences are enough to consider Selling USDTRY, after a break below 6.690 (in gray)

*meanwhile, this pair is overall bullish, until an objective sell setup is activated
This analysis is done using RichTL
www.RichTL.com

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