Short-Term Forecast
Trading suggestion:
. The price is trying to break downtrend #1 for the second time. It will be a buying opportunity if downtrend #1 is broken.
. There was a possibility of temporary retracement to the buy zone when the price reached the suggested resistance line (7.5150) and downtrend #2.
. Traders can set orders based on Price Action in the buy zone and expect to reach short-term targets.
Technical analysis:
. USDTRY is in a downtrend. A divergence is formed, and the beginning of an uptrend is expected.
.The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 7.7350
TP2= @ 8.0303
TP3= @ 8.3652
TP4= @ 8.5690
SL= Break below S2
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Trading suggestion:
. The price is trying to break downtrend #1 for the second time. It will be a buying opportunity if downtrend #1 is broken.
. There was a possibility of temporary retracement to the buy zone when the price reached the suggested resistance line (7.5150) and downtrend #2.
. Traders can set orders based on Price Action in the buy zone and expect to reach short-term targets.
Technical analysis:
. USDTRY is in a downtrend. A divergence is formed, and the beginning of an uptrend is expected.
.The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 7.7350
TP2= @ 8.0303
TP3= @ 8.3652
TP4= @ 8.5690
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the đź‘Ť LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
đź’Ž Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment; let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
High Accurate forecasts by 4CastMachine AI
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High Accurate forecasts by 4CastMachine AI
âś…36 Forex Pairs
âś…175 Cryptos
âś…16 Indices
âś…Gold, Silver...
👉Follow.ForecastCity.com
FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
âś…36 Forex Pairs
âś…175 Cryptos
âś…16 Indices
âś…Gold, Silver...
👉Follow.ForecastCity.com
FREE Telegrams:
👉t.me/ForecastCity_com
👉t.me/Free_Forex_AI
👉t.me/Free_Crypto_AI
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.