The pair is now in a minor wave 4 and has some more corrective movement to do before the rally resumes. Should not trade below 2.9932.
Monday, October 24, 2016
USD/TRY Should Resume Move Higher Soon
As mentioned here the USD/TRY broke in July out of a wave 4 triangle in and then retraced to 2.9133 where wave 3 (of larger wave 3) took off.
The pair is now in a minor wave 4 and has some more corrective movement to do before the rally resumes. Should not trade below 2.9932.
The pair is now in a minor wave 4 and has some more corrective movement to do before the rally resumes. Should not trade below 2.9932.
