Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDTRY made a sharp five-wave impulse decline from 8.58 high. According to Elliot Wave theory, a three-wave correction follows every impulse pattern.
In USDTRY's case, the correction seems to be unfolding as a simple zigzag. We have the wave "a" and wave "b" seem to have completed as a simple zigzag.
If this count is correct, the price should resume higher in...
