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The USDTRY Moves into Consolidation

Corto
Dólar estadounidense/Lira turca (FX:USDTRY)  
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FX:USDTRY   Dólar estadounidense/Lira turca
Trend Analysis Support and Resistance Pivot Points fx Forex breakout Bullish Patterns USDTRY Technical Analysis trendtrading trendfollowing
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trendanalysis supportandresistance pivotpoints fx forex breakout bullish usdtry technicalanalysis trendtrading trendfollowing
Last post: June 14th. See chart.

Review: The bulls had resumed strength in the market but price still needed to break and close above the pivot high.

Update: Price has moved into a mini area of consolidation and so still requires the breakout. This is still very much bullish.

Conclusion: Continuing to apply patience until the breakout is confirmed.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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