Thursday, August 4, 2016

USD/TRY - Bounced from the trendline, more gains to come

As expected last week the pair dropped back to the broken triangle and spiked impulsively from the upper triangle line,

http://elliottwavestructures.blogspot.be/2016/07/usdtry-back-to-broken-triangle.html

From here on out USD/TRY will probably largely move in accordance with DXY and I reckon there are more gains to come . Below 2.9725 would invalidate this count.