US Dollar to Turkish Lira (USD/TRY) Price Action Analysis - strong bullish in long-term

W1 price is on primary bullish condition located above 200 period SMA and 100 period SMA. The price is ranging within Fibo support level at 2.7576 and Fibo resistance level at 3.0747.

• bullish retracement pattern is formed by the price for the possible bullish breakout;

• symmetric triangle pattern was broken by the price from below to above for the bullish trend to be continuing.

Medium-term strategy: ranging.
Long-term strategy: strong bullish.

If the price will break Fibo support level at 2.7576 so the local downtrend as the secondary correction will be started within the primary bullish market condition.
If the price will break Fibo resistance level at 3.0747 from below to above so the primary bullish trend willbe continuing.
If not so the price will be ranging between the levels.

Trend: