NickCoulby
Short

USDTRY-- The fall from heaven

FX_IDC:USDTRY   US DOLLAR / TURKISH LIRA
558 15 10
Analysis on chart-- Check out user IvanLabrie's work and top notch signal page!
@ https://www.tradingview.com/u/IvanLabrie/
Amazing entry.
Reply
Here's a comment for you. You are showing i ii as larger in price than -1- -2-. I think it is more logical to assume that the count isn't quite as you have it labeled. It sure has been one massive rally (collapse in the Turkish Lira) in the USDollar and a correction does seem due.
+1 Reply
There's a 9 year trend signal target that has been hit here.
+1 Reply
IvanLabrie PRO IvanLabrie
snapshot
+2 Reply
EGS-zs8-1 IvanLabrie
may god bless us ))have a good day
Reply
Hey Tim! Thanks a lot for the comment.. I think Ivan had much better coverage on this pair with a time at mode standpoint.. This count was just the only way that made visual sense from a traditional EW standpoint (not very Neely like).. I think the channel fade is very appealing as well, based on how many times both its midpoint and outer bands has been tested
+2 Reply
the chart is tecnically possible, but Turkish economy is not good and there will be an election again in one month. There are a lot of economics and political problems. There is no reason to fall but you can try your idea with pending orders. Turkish goverment want to try something and it can increase Turkish lira's value because of election . i will add pending orders.
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IvanLabrie PRO MustafaErsoy
Fundamental analysis is very complex.
That's why I weigh technicals more heavily overall.
+1 Reply
i guess you are not from turkey this is quite not possible
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