Entry point must be broken and need a confirmation from 1h or 4h chart.
USDTRY - Ascending Triangle, AB=CD, Head and Shoulders 1W IDEA I think there is a 3 target point. First target 3.0920 Second target 3.1455 Third target 3.1735
USDTRY Continuance, maybe... There is a political games in Turkey and region. Keep following crude also.
If I am wrong please correct me....
FIRST TARGET 3.07 THERE IS A RESISTANCE. WE WILL SEE BREAK OR NOT...
I had a request from a friend to analyze USD/TRY: On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves. Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us...
USDTRY is entering into a seasonal period where the country will host a lot of tourist. That is why, despite the lowering of the interest rate, TRY may not jump very high above 2.15 unless there is a geopolitical situation against Turkey or a suprise in the Presidential Election. At then end of August and with the end of the touristic season, TRY may start again...