ORBEX: USDTRY - Expecting Minute 3 To Break The 6.00 Barrier?

USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower.

Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25

Look for a valid breakout above minor 1 at 6.0373!

Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near 5.75.

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.