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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on USD/TRY, Target: 2.7868, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bearish Trend #USD/TRY #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 2.7868.
However, if bullish ca…
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Further bullish pressure

Ucef Posted 29 Feb. as Analysis on USD/TRY, Target: 2.8822, Date: 1st of April, 12:00 GMT  in #Technical analysis #Harmonic Trading #Fibonacci Levels #Bullish Bias #USD/TRY #Channel Breakout
Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 2.8822.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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Ucef 29 Mar.

Update: The pair had a moderate bearish momentum yesterday bottomed at a support line. The bias is neutral in nearest term, probably with a little bearish bias testing some support areas which need to be clearly broken to the downside to continue the bearish scenario targeting a resistance level.
Immediate resistance is seen around the weakly open. A clear break above the daily close would be a threat to the bearish scenario.

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Ucef 29 Mar.

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