ew-forecast
Long

USDTRY Trading In A Three Wave Movement

FX:USDTRY   U.S. Dollar/Turkish New Lira
On the 4H chart of USDTRY             we see a completed first leg as in red wave (A) of a bigger three wave correction that started from 2.7573 low. That said we are now tracking a three wave movement in red wave (B) that seems to be in final stages and could be completed in session ahead. We may expect a reversal to the upside at 50 or 61.80% fibo. level of previous five wave sequence of red wave (A).
Visit Our website: www.ew-forecast.com

Follow Me On Twitter: https://twitter.com/gregahorvatfx

Watch our videos Free at: https://www.youtube.com/user/ewforecast/videos
DownUnder
a year ago
So we should now be going down to Red wave (B) 2.828x bottom and then back up towards 2.92xx ?
+1 Reply
Yes to around 2.838-2.828 area. At that level we assume that black wave C will be completed. And further more 61.80% fibo. level is an ideal turning point for Wave b.
+2 Reply
DownUnder ew-forecast
a year ago
pushing the limits right now, lets see how we go, can we make a return back up....
+1 Reply
ew-forecast PRO DownUnder
a year ago
Let's wait and see. Hopefully we go up. If not, we would then modify our wave count.
+1 Reply
bilk29 ew-forecast
a year ago
euro/Ytl what do you have..thank you.
Reply
very good analysis thank you, what do you think about interest rate changes in december, how it will affect USDTRL ? increase till 3.1x ?
Reply
bilk29
a year ago
Thank you for all.can you geve gbp/ytl and euro/ytl..
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out