As you can see USDTRY has reached the upper trendline resistance since 2008.
The Fibo 38% retracement level is around 7.50. At the same time, there is a negative divergence in the weekly RSI.
Black count is my main script. Blue is alternative as long as the lower trendline is broken.
As a result;
In any case, I think the upper trendline cannot be broken and will fall from these levels.
The Fibo 38% retracement level is around 7.50. At the same time, there is a negative divergence in the weekly RSI.
Black count is my main script. Blue is alternative as long as the lower trendline is broken.
As a result;
In any case, I think the upper trendline cannot be broken and will fall from these levels.
