adan0327

USDTRY May be topping out - 20 year Macro Cycle Dual square

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FX:USDTRY   美元/新土耳其里拉
Just noticed Turkish Lira may be topping out. Volume saying institutional money is selling off positions. I marked off wyckoff distribution elements that have been printed thus far.

Also a 180 degree dual square is showing up as a time wall as per 20 year cycle. (Approx 3650 days from August 2008 bottom).
Targets are posted on chart:

The only thing I am concerned is that USD should be strong this year. Its advisable to set a pending order sell to reduce risk since fundamentals are saying USD is strong this year.

Good luck!
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