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AzrulAzir
Aug 31, 2018 4:02 AM

USDTRY and Borsa Istanbul Update Long

U.S. DOLLAR / TURKISH LIRAICE

Description

We success reach our target at previous analysis, congratulation.

In this analysis wanna discuss about USDTRY and Borsa Istanbul.
As i explain at previous analysis, If borsa Istanbul bearish, we gonna see bullish at USDTRY,
because USDTRY and BORSA Istanbul have negative coorelation.

YOu can check BORSA Istanbul chart and analysis here :


Back to USDTRY,
We have Ascending triangle pattern perform,
If bullish confirmation level break up at 6.88 with one full candle at 4 hour timeframe, we can set target at 8.456
And we also have second trading plan here,
If Bullish confirmation failed to break,
We wait at fibonacci support at 6.31 and aim for same target at 8.456
If this trading plan success, we have 33% profit projection.
Good luck.

Previous analysis :

Note : To understand more about this analysis, please check our video analysis
Comments
Bayraktaro
thank you
Pasham
Hi Dian,

Could you please update your USDTRY analyses.

Thank you in advance
vincent55
hi, are you gonna make new analysis for usdtry ?
Gogomen
I hope
Gogomen
falling triple oscillation 1.USDTRY=6,3880-2.USDTRY=5,89 3.USDTRY=5,67
Gogomen
BC 3 again...1 BC---) 3 BC wave =Target location USDTRY :5,67
Gurdjieffthemaster
Hello, Thanks for the Chart. The trend line has been broken. What do you think in the near future?
nabilmicky1967
@yigitthetrader, bearish
BoogeyCrypto
Hi thanks for the share ! Did you take in account Turkish central bank meeting on 13th September which expecting interest hike?
nabilmicky1967
@OmarAshanti, very bad!
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