We success reach our target at previous analysis, congratulation.
In this analysis wanna discuss about USDTRY and Borsa Istanbul. As i explain at previous analysis, If borsa Istanbul bearish, we gonna see bullish at USDTRY, because USDTRY and BORSA Istanbul have negative coorelation.
YOu can check BORSA Istanbul chart and analysis here :
Back to USDTRY, We have Ascending triangle pattern perform, If bullish confirmation level break up at 6.88 with one full candle at 4 hour timeframe, we can set target at 8.456 And we also have second trading plan here, If Bullish confirmation failed to break, We wait at fibonacci support at 6.31 and aim for same target at 8.456 If this trading plan success, we have 33% profit projection. Good luck.
Previous analysis : Note : To understand more about this analysis, please check our video analysis