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The historical high of the lira against the dollar has been up | 89WAVES | ELLIOTT WAVES TRADING & ANALYTICS

The historical high of the lira against the dollar has been updated, all by Elliott Waves.

A month ago the minimum target was set to update ATH for the pair (https://t.me/eightyninewaves/2250) and this target was fulfilled. It is necessary to close part of the long position now and move the rest to breakeven and wait for extension of the wave (5), as is often the case in similar situations.

Erdogan wants to lower the rate and such an alternative view of macroeconomics has not benefited yet anyone in the short term. If this happens, the stretch of (5) will be enormous.

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#89waves

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#TRY #USDTRY TF: 4H