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InvestingScope

GBPTRY: Short opportunity within a Descending Triangle.

Short
BRITISH POUND / TURKISH LIRA (FX_IDC:GBPTRY)  
InvestingScope  
FX_IDC:GBPTRY   BRITISH POUND / TURKISH LIRA
Trend Analysis Chart Patterns Technical Indicators GBPTRY GBP TRY Forex Currencies currency britishpound turkishlira currencytrading
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trendanalysis chartpattern indicator gbptry gbp try forex currencies currency britishpound turkishlira currencytrading
The pair is comming off a rejection on the Lower High trend line of the 1M Descending Triangle (RSI = 60.943, MACD = 0.510, Highs/Lows = 0.000). Based on the previous Lower High made and the RSI it traded, we are expecting a stronger decline towards the previous low. Our sell Target Zone is 6.87000 - 7.00000.




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