USDTRY One last dip before a Higher High

U.S. Dollar / Turkish Lira (FX_IDC:USDTRY)

FX_IDC:USDTRY U.S. Dollar / Turkish Lira

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Pattern: Channel Down on 1D.

Signal: Bullish since the pattern broke upwards but need confirmation by a "False" Death Cross possibly after a new dip.

Target: 5.95000 (the 0.618 Fibonacci Retracement level).

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Comments

I do not agree...Because there is interest rate cut in TL in September...Have you taken this into account?