Bullish pennant formation on USD/TRY

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Due to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile.

We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed bollinger bands.


Parabolic SAR shows the downturn and also moving average does not support the upmove so that we can also expect a steep down move. In case of a down break reaction, we have to watch 5,53 support line.

Good luck all.
トレード終了: 利益確定目標に到達
Perfectly worked bullish pennant!
Chart PatternsTechnical Indicatorspennant-formationTrend AnalysisUSDTRYusdtrylongweakness

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