On a 1hr time frame USDTRY has hit new bottom(low),Price is also in a downtrend on a 4hr and a daily time frame.
Rsi is in oversold zone below 30,and it is showing that is price losing momentum,also at the bottom rsi is showing a bullish divergence,a possible trend change.
At the bottom we have a pin bar(hammer) a single reversal pattern.If price breaks a level of 7.14420 I would expect to retrace to 0.5 fib level(7.30440).Risk to reward ratios is 2.5.
Happy trading
Rsi is in oversold zone below 30,and it is showing that is price losing momentum,also at the bottom rsi is showing a bullish divergence,a possible trend change.
At the bottom we have a pin bar(hammer) a single reversal pattern.If price breaks a level of 7.14420 I would expect to retrace to 0.5 fib level(7.30440).Risk to reward ratios is 2.5.
Happy trading
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。