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The USDTRY Facing Key Resistance

Long
Dollar Américain / Nouvelle Livre Turque (FX:USDTRY)  
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FX:USDTRY   Dollar Américain / Nouvelle Livre Turque
Trend Analysis Support and Resistance Pivot Points fx Forex USDTRY breakout roundnumber Technical Analysis trendtrading
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trendanalysis supportandresistance pivotpoints fx forex usdtry breakout roundnumber technicalanalysis trendtrading
Last post: May 22nd. See chart.

Review: The bull trend continued towards 5.0000 resistance before an intraday reversal on Wednesday this week.

Update: The bulls recovered the following day and continue to dominate the market.

Conclusion: The extended wick from Wednesday's bar and 5.0000 resistance further ahead means patience until these levels become support.

Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!

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