USDTRY UPDATE 15.11.18

Hi Guys,

Ok A quick update about the USDTRY. As you can see the original analysis was spot on, and usdtry did go down exactly when I predicted it would go down.
It looks like we have a new channel beneath the original up channel. That means the original date of meeting our major resistance line has been postponed for a few more days. So we might see the price moving up a little bit up to the support line of the previous channel. My prediction is maximum 5.47- 5.48.

So a movement within this channel until the resistance is likely, or it can start raining before even hits the resistance line. A break above the resistance line is very unlikely IMO. So I already started shorting around 5.49 levels. Closed my position around 42 and waiting for another shorting position.

There is good money to be made here. Keep your eyes open.

Bonne chance !