DislikedOk lets look at usdtry..our lovely pair.. First, i added longterm charts with MAs to understand main trend..later i will share similar charts with clear candlesticks.. Monthly, weekly looks quite bullish well above 50, 100 and 200 MAs.. Daily looks also quite bullish supported with 50 MAs below so far.. 4h and 1h charts are also bullish.. So we can say safely that main trend is bullish..of course there will be some retracements..but i expect retracements will be limited considering political and economical problems.. Note: Turquoise line is 50 MAs...Ignored
Monthly and weekly quite bullish..
Daily quite bullish, maybe small retracement to 5.00 (now 5.07), i dont prefer or suggest selling here..better buy retracements..there is more upside risk without retracement..
4h and 1h looks in consolidation mode..1h 50 Ma at ard. 5.05 and 1h 100 MA at ard. 4.99-5.00 can be visited in case of retracement..i dont expect to remain under 5.00 from now on..i think, above 5.00 is new normal for usdtry..and there is siginificant upside risk despite overstreched prices, because of Central Bank's inflation policy/interest rate decisions and political problems..
5.20..5.30..5.50..might be seen in following weeks and months if serious changes doesnt happen in economic and other policies..
make your own analysis and decisions..just giving some perspective..