USDTRY US Dollar Turkish Lira
This is striking impulse wave: and when it breaks down it's a fabulous short
Cannot short this whilst within the power of this massive
impulse wave. But once it falls out of the parallel it becomes
a massive short - once broken, look for any retest of the
parallel from the underside once broken as a second shorting
opportunity with stops above the parallel. This break down
could be imminent...worth watching this one. It could come
all the way back down to the longer term trend line, given enough time.
It will likely form a trend as it does so...draw in the parallels as it emerges and stay short
whilst it's trapped within them. Good one, looks like, even if a little exotic.
A trend is a trend, wherever it originates!
This is striking impulse wave: and when it breaks down it's a fabulous short
Cannot short this whilst within the power of this massive
impulse wave. But once it falls out of the parallel it becomes
a massive short - once broken, look for any retest of the
parallel from the underside once broken as a second shorting
opportunity with stops above the parallel. This break down
could be imminent...worth watching this one. It could come
all the way back down to the longer term trend line, given enough time.
It will likely form a trend as it does so...draw in the parallels as it emerges and stay short
whilst it's trapped within them. Good one, looks like, even if a little exotic.
A trend is a trend, wherever it originates!