Chart of the Day $USDTRY

On the $USTRY daily chart, we can see that the pair has retested the broken triangle 6.2000 level. This retest and rejection could lead to a new leg down into the long-term uptrend support 5.4600 level. Invalidation fo the new swing down will come only in the case of a daily close above the 6.2300 level.
Note: look for the short trade entries with a stop loss above the 6.2500 level.

USDTRY trading technical analysis

 

 

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