ew-forecast

USDTRY Is Expected Higher After Temporary Pullback

FX:USDTRY   U.S. Dollar/Turkish New Lira
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.

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Link to our previous updates on this pair :
USDTRY Big Correction Underway
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thank you.
+1 Reply
You're welcome.
+2 Reply
thks. i am waitng near trendline
snapshot
+1 Reply
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