USDTRY: Set to return to the 9 year mode

FX_IDC:USDTRY   Dolar U.S./Lira Baru TurkI
Dilihat 109 kali
109 0
USDTRY appears to have reached a long term target top recently.
It's possible that this is the highest high for a very long time.
Next move would have to be a drop to 1.46034 where the price spent the most time in 9 years.

With the limited data that I have, this is the technical outlook that I can obtain, which matches the fundamentals, correlating with a massive stock market decline for months.
It appears as if price formed a terminal rising wedge when coming out of the 9 year consolidation, which would be coherent with the strong top formation on chart.

Ivan Labrie.
Time at Mode FX
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