Is usdtry longterm trading range has expiredd ?
Since sept '15 usdtry is in wave IV(red count) which could be :
1)Flat IV sub-waves ABC has been finished then bullish wave(3) is expected (black count).
2)Triangle IV sub-waves ABCDE has been finished then bullish wave-3 expected (blue count).
3)Flat IV as Double three WXYXZ then bearish sub-wave Z is going on (orange count).
Usdtry may extract from this long term trading range.
Invalidation level for count 1) & 2) is 2.8362.
1)Flat IV sub-waves ABC has been finished then bullish wave(3) is expected (black count).
2)Triangle IV sub-waves ABCDE has been finished then bullish wave-3 expected (blue count).
3)Flat IV as Double three WXYXZ then bearish sub-wave Z is going on (orange count).
Usdtry may extract from this long term trading range.
Invalidation level for count 1) & 2) is 2.8362.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.