kenanatalay

USDTRY Cup and Handle?

Long
kenanatalay Updated   
FX:USDTRY   U.S. Dollar / Turkish Lira
Looking more and more like a USDTRY Cup and Handle formation. Coffee is brewing. Boundary looks like to be around 5.31's and target would be around 5.40 or so where fib 50 level is around. That area could be decisive for what could come next. First stop at 5.22 and ultimately, depending on your risk appetite, of course 5.13/5.14 and 5.00 final.
Comment:
looks like working, a bit slowly though.

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