USD/TRY Take a Step Back - Higher Timeframe Analysis

This post is for educational purposes only. Trade at your own risk. Please refer to my previous analysis today (below). This gives a high level overview of long term what we can see happen in the market with this pair. We have a descending wedge forming, alongside trendline confluence, and a bounce off the 61.8 fib level. Trade at your own risk. As this is high level outlook there is a lot of price action that goes on in the lower time frame. Most retail traders have to drill into lower time frame to capture pips on short price action. (see previous trade idea below)