USDTRY- 30Dec2021
USDTRY- 30Dec2021
On the daily, price bounced back to 20EMA. We could expect some bearish pressure and price pulling back.
On the H4 timeframe, price bounced back to 50 & 200 MA. We could expect the price to pull back to around 12.00.
It is worth noting that there is an inverse h&s in play on H1, with price target at 14.04. However, we need to wait and see whether price can close above strong resistance at 13.08 on the H4.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced back to 20EMA. We could expect some bearish pressure and price pulling back.
On the H4 timeframe, price bounced back to 50 & 200 MA. We could expect the price to pull back to around 12.00.
It is worth noting that there is an inverse h&s in play on H1, with price target at 14.04. However, we need to wait and see whether price can close above strong resistance at 13.08 on the H4.
This is for personal record purposes only, not financial advise or solicitation of trade.
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