USDTRY staring a sell-off in Intermediate (5) (red) so it can complete Primary C (red) and Cycle Wave IV (green).
From elliot wave analysis, i see that usdtry pair has finished 5 wave structure then started to a-b-c correction. Also at 5,54 price level i see double top formation and during this time, you can see bearish divergences at macd line and histogram so my first expectation from usd/try is to drop around 5,32 price level. Then if inclined support is broken, we can...
USDTRY has been in a downward parallel channel. Going short at following preferences: Short: @ 5.4995 TP: @ 5.0944 (+4000 Pips) SL: @ 5.5707 (-764 Pips) RR: 5.24
First of all, i expect a jump to B point which is 5.516 then i will look for a sell opportunity to aim C point which is 5.435 for my sell trade. (Also i see some hidden divergence at macd histogram and signal line on 4h chart which supports my trading idea.) When the elliot correction waves are totally finished at C point(which is our profit target), new rally...
Look to the left. 16 Aug 2018: 5.67354 breaks the symmetrical wave rule (reversal pattern) for a long-term downtrend, counted as wave I. 30 Aug 2018: The market corrected for wave II Thus, I expect the market to drop from Wave II to Wave III. - Monitor 1: wave group on I, II, III ... (Down) - Monitor 2: H4 wave group (1) (2) (3) ... increase the tuning wave (3)...
USD/TRY still hasn't found a strong support and thus, a move down further below is possible.
Kisisel tahminimdir. YTD Degildir. Konunun uzmani DEGILIM. Bilen ustadlar yorum yaparlarsa sevinirim.
Rsi daily divergence + overbough daily.H4,weekly,monthly target 3.6400 Turkish central bank (CBRT) cut the FX RRRS by 50 bp in order to boost liquidity. The central bank has also cut the interbank borrowing limit to TRY22 billion, emphasizing that measures are aimed to tackle the unhealthy price formation.
We Know The TRY Go to an unknown location ,, So i Think This week will go Down to Demond Zone or Break it ,, So if You See Price Action its your call ... good luck .