USDTRY - BEARISH TREND and BIG BEAR ENGULF
USDTRY 1H POTENTIAL BEARISH TOTAL AND 5-0 - WATCHING
USDTRY 30MIN COMPLATED WOLFE WAVES + ELLIOTT WAVES
USDTRY 30 MIN SELL SETUP and WOLFE WAVES
Made a lot of pips from EJ shorts recently think its time to long -A bit of channel trading here currently -Holding a major monthly key level 126.90 -We have bounced of this level previously. -We have a selection of rejection here shown with long wicks -Also a "double bottom" we broke slightly lower but its the close we look at.
Eur/Usd currently sitting at a key resistance level which is approximately in line with the 61.8% retracement level. There is still a possible chance of a retest of the trend-line. But at the moment 1.0847 looks like a lower high for this currency pair resulting in my overall bias being bearish