Finally, following the H&S occurred at around 5.60s TRY reached its target around lower 5.30s (as I figured out in my previous post). There is no reason seemingly to stop this downwards trend except the phenomenal .786 Fibo level (which appears around 5.05). Theoretically this should be followed by a retrace in form of diamond bottom, otherwise we can consider a trend reversal (eg. bear market). This post is for educational purposes
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.