Turkish Lira massive descending triangle ready for a break: LONG
The Turkish Lira (TRY) has been an embattled currency for decades and in its Euro pair (EUR/TRY) it had some relief but it looks like
the halt to continued Lira sell-off may be soon over as EUR/TRY looks ready to burst out of its multi-week descending triangle.
In this video I look at one recent example of a similar triangle formation and its outcome, comparing it to the current one and
trying to gauge what trading potential there may be now relative to size,
I also look at ATR for confirmation of volatility.
Thanks for watching!
Francesco (FreeFX)
the halt to continued Lira sell-off may be soon over as EUR/TRY looks ready to burst out of its multi-week descending triangle.
In this video I look at one recent example of a similar triangle formation and its outcome, comparing it to the current one and
trying to gauge what trading potential there may be now relative to size,
I also look at ATR for confirmation of volatility.
Thanks for watching!
Francesco (FreeFX)
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