Extra (Ad-Hoc)

USDTRY – Fourth wave about to end – November 12th, 2020

USD/TRY has reached the 250 Smoothed Moving Average, which acted as a support before. In this case, a fourth-wave correction might be at the late stages. If a pullback from the SMA happens next, there’ll be an opportunity to have bullish wave 5 of (3).

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