Short USDTRY after election if Erdogan wins
Pair is correcting on the Daily TF. On H4 we have a corrective structure that stopped at 61.8 Fib level and strong 38.2 Daily Fib. We didnt break the descending trend line. Expecting the price to head towards 3.50 price area and then maybe continue the bigger move up.
USDTRY 4H Bearish Support: 3.65000 -3.632500 This is not investment advice
USDTRY 4H Shark Pattern Bearish Support: 3.69500 - 3.65500 This is not investment advice
Entry at market 3.63 Stop above last consolidation candles Target with fractal and channel RR 1.83 Today's latest violence hasn't hurt it. Turkey is not on Trump's radar either.
My entry price is 3.7150. Stop level is 3.73 & tp1: 3.6750 tp2: 3.6040. Good Luck!
Shorting USDTRY at 3.94 level due to PRZ rejection. Present pattern is ascending triangle.
I m waiting for corrective structure. Pls check graphics at comments below.