USDTRY- 29Dec2021
On the H4 timeframe, price is holding the 11.60 level. As long as price is above 10.83 on H4, we could still expect a short-term bounce to 13.08 to occur. It is worth noting that there is an inverse h&s in play on H1, with price target at 14.04. However, we need to wait and see whether price can close above strong resistance at 13.08 on the H4.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4 timeframe, price is holding the 11.60 level. As long as price is above 10.83 on H4, we could still expect a short-term bounce to 13.08 to occur. It is worth noting that there is an inverse h&s in play on H1, with price target at 14.04. However, we need to wait and see whether price can close above strong resistance at 13.08 on the H4.
This is for personal record purposes only, not financial advise or solicitation of trade.
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.
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.