USD/TRY: Daily chart - triangle formation
Price under diagonal and horizontal resistance
Breakthrough of the supporters - possible decline
Indicators:
50/200MА: price below 50MА - negative signal
DeM: It's entering in over-sold market - a downward impulse is possible.
CCI(50): In Over Sales Zone
SL: 3.6298
Alternative Scenarios: If the shadow price of the previous bar is likely to witness a false breakthrough and a new upward movement
Trader I. Ivanov
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