Forexistential

Turkish Lira massive descending triangle ready for a break: LONG

Long
FX:EURTRY   Euro / Livre Turque
The Turkish Lira (TRY) has been an embattled currency for decades and in its Euro pair (EUR/TRY) it had some relief but it looks like
the halt to continued Lira sell-off may be soon over as EUR/TRY looks ready to burst out of its multi-week descending triangle.

In this video I look at one recent example of a similar triangle formation and its outcome, comparing it to the current one and
trying to gauge what trading potential there may be now relative to size,

I also look at ATR for confirmation of volatility.

Thanks for watching!
Francesco (FreeFX)

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.