USDTRY Is Expected Higher After Temporary Pullback

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

FX:USDTRY U.S. Dollar / Turkish Lira

usdtry elliottwaves correction impulsive

On the 4h chart of USDTRY we are tracking the first leg of a three wave retracement in blue wave B-circled, labeled as red wave (A), that could be completed in session ahead as price is now trading in black wave 4. The Correction in black wave 4 can retrace to 38.20 or 50 % of previous black wave 3 before continuing higher into wave 5.

Link to our previous updates on this pair :

Elliott Wave Service
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