USDTRY Double top and trendchannel retest.
The pair has traded sideways in a range between 3.9 and 3.4 since January 2017.
Price printed a channel blow-off top in January 2017 with intervention from the government amongs other things.
Price have now traded above the january highs and rejected 8 daily sessions in a row.
The TCMB (The Central Bank of the Republic of Turkey) defended their currency at these levels once before, odds are that they will do it again.
Technicals:Double top - trendchannel retest - 8 daily sessions in a row unable to break above 3.9 and stay above.
Looking for a move down to lower trendline support.
This trade also provides positive carry, so each day, this position will generate swaps.
Price printed a channel blow-off top in January 2017 with intervention from the government amongs other things.
Price have now traded above the january highs and rejected 8 daily sessions in a row.
The TCMB (The Central Bank of the Republic of Turkey) defended their currency at these levels once before, odds are that they will do it again.
Technicals:Double top - trendchannel retest - 8 daily sessions in a row unable to break above 3.9 and stay above.
Looking for a move down to lower trendline support.
This trade also provides positive carry, so each day, this position will generate swaps.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.