Consolidation before further uptrend. Buy on dips. Long.

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BRITISH POUND / TURKISH LIRA (FX_IDC:GBPTRY)

FX_IDC:GBPTRY BRITISH POUND / TURKISH LIRA

trendanalysis harmonicpatterns chartpattern gbptry gbp try britishpound turkishlira forex currencies currency

GBPTRY is possibly on a recurring pattern sequence as seen on the chart, on the broader spectrum of a 1W, 1M Channel Up (RSI > 65.523 on both, even overbought on 1M). Our strategy is to buy every dip within the 4H Rectangle (ADX = 18.434, ATR = 0.0717) in anticipation of the next Channel Up. TP = 6.6467.

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