I set a pending order to open a Short position at 5.6766 because currency rate broke down key daily level 5.7000 and close under it 1 day ago. I think the price will continue down move.
Next goal is 5.56012
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Price hit pending Short order. It's risky entry use low risk.
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I will hold short threw weekends
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Currency rate moved halfway to T/P.
I think the price will continue down move. Next middle-term goal is 5.26
Yurij you are again miss-interpreting things incredibly. EURUSD is in free-fall which will cause USDTRY to reverse after this downtrend, that was caused by 1.) correction, and 2.) Pastor being released, 3.) Trump tweating about moving sanctions if Turkey is going to behave good.
Please keep an eye on fundamentals and sentiment to currencies that are in correlation. This is just again a very dumb technical analysis, where lines don't matter, since the asset is in connection with how other asset is behaving.
If anything, now is the best time to go long. I've closed my short position today on USDTRY and will see how the DJI is going to react in next week and what news are going to come in realtion to Turkey.
This analysis is again completely misguided. However, I do agree with USDJPY going lower as you posted, before someone is going to start bashing me again for hurting their feelings.
KL3M3NNN
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@KL3M3NNN, you also have three strong supports in this zone, maybe even four if you acknowledge 5.50 as being psychological line:
Yuriy_Bishko
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Write down, what you think about USD/TRY
hasretkoroglu07
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Thanks for the idea, I am waiting 5,56 to buy USD.
gracesoh88
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It looks like you are right @YuriyBishko . Thank you for analysis! You are great!
I think you are not aware of Turkish Politics. Never trust them, anything can happen anytime. Turkish economy depends on politics not the science of economy.
Yuriy_Bishko
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@Elsken, You are right that everything can happen.
I trade price only. It closes under the key level and bounced from it. I think that price will continue down move.
Elsken
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@YuriyBishko, I think, just my opinion for sure. it can move down until 46. 46 is the last point before the bounce. But 53 is very strong resistance point.
Please keep an eye on fundamentals and sentiment to currencies that are in correlation. This is just again a very dumb technical analysis, where lines don't matter, since the asset is in connection with how other asset is behaving.
If anything, now is the best time to go long. I've closed my short position today on USDTRY and will see how the DJI is going to react in next week and what news are going to come in realtion to Turkey.
This analysis is again completely misguided. However, I do agree with USDJPY going lower as you posted, before someone is going to start bashing me again for hurting their feelings.