USDTRY- 27Dec2021
On the weekly, price had a huge drop from 18.00 to 10.90 which is also the 20EMA. Price could potentially find support at this level.
On the H4 timeframe, price had a weak bounce to around 12.00 before selling off to 10.90. 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 also worth noting that RSI is still at support level where previous bounces occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price had a huge drop from 18.00 to 10.90 which is also the 20EMA. Price could potentially find support at this level.
On the H4 timeframe, price had a weak bounce to around 12.00 before selling off to 10.90. 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 also worth noting that RSI is still at support level where previous bounces occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.
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