USDTRY May be topping out - 20 year Macro Cycle Dual square
Just noticed Turkish Lira may be topping out. Volume saying institutional money is selling off positions. I marked off wyckoff distribution elements that have been printed thus far.
Also a 180 degree dual square is showing up as a time wall as per 20 year cycle. (Approx 3650 days from August 2008 bottom).
Targets are posted on chart:
The only thing I am concerned is that USD should be strong this year. Its advisable to set a pending order sell to reduce risk since fundamentals are saying USD is strong this year.
Good luck!
Also a 180 degree dual square is showing up as a time wall as per 20 year cycle. (Approx 3650 days from August 2008 bottom).
Targets are posted on chart:
The only thing I am concerned is that USD should be strong this year. Its advisable to set a pending order sell to reduce risk since fundamentals are saying USD is strong this year.
Good luck!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.