Wed, 28 May 2014 12:00:19 GMT
USD/TRY 4H Chart: Falling Wedge
By connecting the peaks and troughs of USD/TRY charted since the end of March, it is possible to come to a conclusion that there is a falling wedge emerging on the four-hour chart. Therefore, we should expect a reversal of the current trend, namely a break-out to the upside. However, the apex of the pattern is still far away and