harmonictraderr

USDTRY Technical Analysis (Crab Pattern)

Long
FX:USDTRY   U.S. Dollar / Turkish Lira
Hi All,

This is not investment advice..
Each bar is one month..

the most important resistance is 6.21x independent crab pattern if the price breaks this resistance I will not care anything apart from AB=CD (miminum level)

TP1 AB=CD 6.56477
If the crab pattern works, AB=CD (level) is minimum requirement ----> 6.56x ( if the price action does not reach this target , pattern is invalid )
TP2 1.27AB=CD 6.86713
TP3 1.618AB=CD 7.25403
Terminal Bar 1.618 XA= 8.28x
Potential Reversal Zone is between 1.618XA and 1.902XA )
3.618BC=8.33
1.902 XA = 8.845
Flag target = 9

Good luck
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