FX.co ★ Trading idea for USD/TRY

Turkey president Recep Erdogan called for another rate cut and set the deadline to this summer. On this news, lira fell once again, breaking through 8.6.

The decline was in line with the forecast last March 26, and completed the three-wave pattern.

Plan:

Results:

Congratulations to those who followed the bearish strategy.

Have a nice day!