(29 November 2019)USD/TRY Capped by a negative trend line.

(29 November 2019)USD/TRY Capped by a negative trend line.

29 November 2019, 08:59
Jiming Huang
0
31

ty
Pivot
 (invalidation): 5.7700
Our preference
Short positions below 5.7700 with targets at 5.7470 & 5.7310 in extension.
Alternative scenario
Above 5.7700 look for further upside with 5.7810 & 5.7910 as targets.
Comment
As Long as the resistance at 5.7700 is not surpassed, the risk of the break below 5.7470
remains high

(By Swissquote TRADING CENTRAL)

Share it with friends: