On the 4H chart of USD/TRY we see a completed first leg as in red wave (A) of a bigger three wave correction that started from 2.7573 low. That said we are now tracking a three wave movement in red wave (B) that seems to be in final stages and could be completed in session ahead. We expect a reversal to the upside from 50 or 61.80% fibo. level of previous five wave sequence of red wave (A).
USD/TRY, 4H
