Near term USDTRY subdivisions are clear from a wave standpoint. This bounce is probably a small 4th wave. Ideal resistance is the former 4th wave high at 7.8920. A rally to there would present a chance to short for a drop to new lows with 7.3950 or so (former resistance) as the next level on the downside. Visit scandex.com/2020/11/...-update-november-16/ for more ideas.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
