USDTRY potential bearish reversal

١٦ يونيو ٢٠٢٠

on DAILY: USDTRY is still trading around its all-time-high so we will be looking for objective sell setups on lower timeframes.

on H1: USDTRY formed an objective channel in red and it is approaching a minor supply zone in blue so we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to sell.

meanwhile, until our sell setup is activated, USDTRY would be overall bullish and can still test the upper green round number 7.00 before going downward.