Bullish pennant formation on USD/TRY

已更新
Due to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile.

We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed bollinger bands.


Parabolic SAR shows the downturn and also moving average does not support the upmove so that we can also expect a steep down move. In case of a down break reaction, we have to watch 5,53 support line.

Good luck all.
交易結束:目標達成
Perfectly worked bullish pennant!
Chart PatternsTechnical Indicatorspennant-formationTrend AnalysisUSDTRYusdtrylongweakness

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