USDTRY What's next? Short
U.S. Dollar/Turkish New LiraFXCM
Description
⋅ We've taken our profits of out last 2 usdtry trades
After watching sellers hit hard with the butterfly pattern we expect a relief towards 5.76 area where buyers will push again.
A reciprocal ab=cd pattern is being completed at the same zone.
If you wonder what is gonna happen after price hits 5.76? Well that's the title of our next analysis.
By the way watch out for the swap rates if you're not familiar with TRY, which may be a suprise for you.
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Operation Peace Spring has just started, this event may have unexpected impact raleted currencies.