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Usdtryshort

USDTRY : Falling will seems to continue for a while.USDTRY H2 chart As you can see in the H2 chart, falling will seems to continue for a while. But with political reasons, the formation may deteriorate, it should be noted ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
Short
by KasaDairesi
7
USD/TRY Short Forming 4hr ChartIt looks like price action has completed an abcd pattern with a nice wedge breakout up to 1.618 fib levels. Soon it should find some resistance from January 2017 highs around 1.394 zones. Price action is well above lowside trendline and within channel allowing for a nice 0.786 fib pullback into trendline support. I will be looking for exhaustion candles above 3.92648 to get in short to 3.89650. Momentum is still strongly bullish and the current parabolic impulse wave may not be over. If it falls to said levels expect support to carry it up to test late November 2017 highs around 3.98 zones. Higher risk trade taking into account for current major bullish wave.
Short
by davistradingforex
1