EUR/TRY Bullish reversal
The EUR/TRY currency pair has exhibited the AMD pattern, transitioning from accumulation through manipulation, and is now in the distribution phase. This stage is characterized by heightened activity as the price consolidates, preparing for a breakout.
Technical Analysis:
Accumulation Phase: Buyers gradually entered the market, accumulating positions, leading to a steady increase in price.
Manipulation Phase: The pair experienced volatility, with false breakouts and corrections, designed to shake out weak hands and trap traders in the wrong direction.
I expect a retracement to FVG, then bullish reversal!
Technical Analysis:
Accumulation Phase: Buyers gradually entered the market, accumulating positions, leading to a steady increase in price.
Manipulation Phase: The pair experienced volatility, with false breakouts and corrections, designed to shake out weak hands and trap traders in the wrong direction.
I expect a retracement to FVG, then bullish reversal!
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