Good day Steemers !
I have been analyzing the pair , USDTRY for quite some time now , it has been making lower lows and lower highs , so it has developed a downwards trend on the daily chart .
Now the question is , is it too late to enter ? How long will the trend continue for ?
Well , looking at the Dollar index ( helpful for understanding USD pair movements ) , it has also been on a downtrend for a while , as seen throughout the markets from pairs like USDZAR , USDMXN etc.
I have currently entered the trade and I am going short , with a few pips as profit at the moment .
What are your ideas and comments about this ? What do you think will become of the Dollar as well as the currencies attached to it ?
Stick around for more analysis and tips on how to tackle the markets !
Good thoughts
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