Possible Fibonacci Channel in which the price is about to clash with support. Incase of a break under 2.88, it would be unwise to hold a long possition until proper support were to be met
USDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERN
I believe that USDTRY will remain strong and most likely will go back to an uptrend next week...
In descending triangle, perhaps wait for confirmation with MACD crossover before buying. Overnight premium is very attractive.
USDTRY is nearing Large Supports (2.91 - 2.88) and Resistances (3.00 and 3.06). It is inevitable that it will eventually break out, but to which direction? USDTRY has been in a Longterm Uptrend for years now, and if the support is broken, it may jeopardize this trend and lead to the downfall of this currency pair. I believe that gramci_2's Pitchfork concept ...
USDTRY - 1W IDEA Finnish 2-nd ELLIOTT WAVE of 3-th big elliott wave... Will make 3th wave