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davistradingforex

USD/TRY Short Forming 4hr Chart

Short
Dollar Américain / Nouvelle Livre Turque (FX:USDTRY)  
davistradingforex Mis à jour   
FX:USDTRY   Dollar Américain / Nouvelle Livre Turque
Trend Analysis Harmonic Patterns Chart Patterns USDTRY usdtryshort swing
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trendanalysis harmonicpatterns chartpattern usdtry usdtryshort swing
It 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.
Commentaire:
snapshot
2hr chart indicators look like bullish momentum is starting to turn. Exhaustion wave coming soon
Commentaire:
Clause de non-responsabilité

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