ew-forecast

USDTRY : A Reversal Could Be In The Cards

FX:USDTRY   U.S. Dollar/Turkish New Lira
On USDTRY             we are still tracking an upward correction since November, which can be a zigzag with an ending diagonal still unfolding in wave (C). So based on short-term swings we may see a retest of 2.9600 area and then final push up to 3. 0000             to complete current upward cycle. That said, price may turn down later this week.

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This pair is extremely volatile, same as (EURTRY) , it will be an interesting time leading up to FED and also following the decision. we will see plenty of action.
+1 Reply
it looks like that your B circle blue wave might be complete !! A 5 waves down at smaller time frame would confirm it !
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