Hello fellow traders,
USDTRY made a five-wave rise from the 5.45 low where a bigger EW ending diagonal had ended. A five-wave recovery now suggests a change in trend, for now in minimum three waves, with current wave B taking price into a temporary retracement. Gains may resume, however once a minor A)-B)-C) pullback fully develops. Possible support is near 5.52/5.50 region.
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