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EylemCulculoglu

Turkish Lira gave a devaluation signal on the monthly chart

Long
U.S. Dollar / Turkish Lira (FX:USDTRY)  
EylemCulculoglu  
FX:USDTRY   U.S. Dollar / Turkish Lira
Trend Analysis Harmonic Patterns Technical Indicators USDTRY TRY TRY (Turkish Lira) TRYUSD turkey turkishlira turkeytrading usdtrylong turkish
16
5
trendanalysis harmonicpatterns indicator usdtry try try-turkish-lira tryusd turkey turkishlira turkeytrading usdtrylong turkish
Tom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend.
Weekly and daily charts confirms this as well.

Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns.

In the upcoming weeks or months a major devaluation of Turkish Lira is possible.
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