Dólar Americano/Nova Lira TurcaViés de baixa
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!
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