AUD/CAD 4H Chart: Descending Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/TRY 1H Chart: Channel Down Comment: At the moment, USD/TRY is making its way towards the 2.93-2.94 supply zone. There the currency pair is expected to turn around and start a new wave lower, being that this will complete the bullish correction within the emerging descending channel. The immediate support is at 2.90, represented by the weekly S2 level, but the in the long run there is a good chance of a slide down to 2.76, namely the November 2015 low. At the same time, if the price closes

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