These days i see charts that goes upside with cup and handle. This can be sideway consolidation. With coming next week a strong selloff and good news. Yes this can be.. I am not sure about anything. Two possibilitys can be. Good Luck.
3.98 resistance point. In my opinion, should wait 3.98 point to buy or sell.
Weekly uptrend has been broken and upper resistance has been established and tested. Weekly 9 MAV is about to cross below the 18 MAV and perform the perfect bearish cross. I'm all out short on this pair for a while. There not many guarantees in the FX world but this is one of them.
turkish lira will go above 3.95 but needs some time until usd back to fly jutt wait for a bottom 3.65-3.55 GLTA
What u think guys ? Please comment.
5th wave of the Elliott Wave is in progress.
All negatives are all most likely priced in already Notes: -Curently just below strong resistance -Mike Pence meeting with Turkish PM on Thursday so watch out -TCMB member recently noted that Inflation will most likely be overshooting until December - 7-8 December will be EU-Turkish economic cooperation meeting -VISA situation still not fully resolved -Good...
Triangle target zone wiil be reached next week maybe @night or @day. This strong mono wave can be reached its target. Watching carefully GooD Luck
Turkish liras shorts chart Butterfly Bearish chart , good luck
Expecting USDTRY to complete C at around 3.39-30 and then start a new rally heading to 4.50++ We are at about the end of B. This will work as long as it doesnt go over last high at 3.9421. If it does, this analysis will be cancelled and will look for a new high at 4.25-30
Tom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend. Weekly and daily charts confirms this as well. Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns. In the upcoming...
TRY/JPY 1H Chart: Rising Wedge The Turkish Lira is losing value against the Japanese Yen in an ascending channel that began to form one week ago. The pattern managed to gain four confirmation points before it started to transform into a rising wedge. In this kind of figures the currency rate usually makes a breakout in the bottom direction. However, this...
GBPTRY has entered a bullish trend and MAs play a role of support structure that keeps the trend in its current direction. Considering MAs, one could also say that there has been a bullish crossing of 150 and 200 MAs. Moreover, since the green vertical line that identifies the beginning of the trend, RSI has never been below the red support line (could be seen on...
Final 5th pending wave extends to 4.4 from abcde of 4 consolidation. Trade your plan
Supply zone failing, pressure up, no supply above to stop the price
Pair is correcting on the Daily TF. On H4 we have a corrective structure that stopped at 61.8 Fib level and strong 38.2 Daily Fib. We didnt break the descending trend line. Expecting the price to head towards 3.50 price area and then maybe continue the bigger move up.
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close(1482 Cross-Rates) drive.google.com Best regards :) Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close(1482 Cross-Rates) drive.google.com Best regards :) Aaron