It's likely that the fifth wave is going to move on in the short term. A crisis provoked by Trump as the US senatorial elections approach.
Is "Euro / Turkish Lira" Pair a Good Investment?
I'm a big fan of Gann Square and here is another idea: If that line continues to hold, then we could see further acceleration of the rate, where the 7. If this won't be enough for the bulls, then we could see another attempt to try and hit the 8. Expecting next fib extension level to be tested. No confirmation on HTF yet. As we know, in EW, five waves indicate direction of a trend and EW also says that It's likely that the fifth wave is going to move on in the short term. All we do is set alarms and get notified when there is a buy or sell signal.
Meaning, you can actually automatize your trading process with Megalodon indicators! Become a Megalodon today! The Euro has been trading in an ascending channel against the Turkish Lira since the beginning of current week.
As apparent on the chart, the Euro has reached the upper boundary of this pattern. In addition, technical indicators are in favour of bullish scenario. These two factors allow to think that a breakout is due in the nearest future. I think we saw those moves often enough, last time on BTC.
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