This red candle referred to by the arrow is a candle whose body is very small and does not have any volume. This means that it is a test candle for sellers and it succeeded. There are no sellers in this area. This means that the market maker will raise prices in the next two candles and start rising because he has ensured that there is nothing that hinders the rise in prices. After this successful test
Trade active
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Trade active
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Trade active
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Trade active
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Trade active
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Comment
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It has already reached the shaded area, and I think that the 27.2 area will be the end for it for a period of such years, followed by a correction, and then the completion of the rise again for areas above 40, but we will give some time to make sure of the 27.2 peak.
this trade is not active!! It is live and alive 😍🎉 This is a wow type of analysis. Even the famous Turkish economists couldn't guess this moves!!! as always perfect work... wow 💯🤩
This is currency of my country. If it goes up to 26 levels there will be a Hyperinflation following that rise for sure. I'm happy that you also did an analysis on this. There is an upcoming elections in Turkey at the moment and if a new goverment elected there will be probably monetary policy changes. Otherwise Usd/TRY will rocket to the 26 levels as you mentioned.
KhaldHegazy
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@abdullah77simsek, First.. Welcome to the people of Turkey. Secondly, I hope with all my heart that this analysis fails, because I do not hope that any inflation will occur and people’s money will decrease and their lives will be more difficult. I wish the best for the Turkish people. Once again, I hope this analysis fails
MinimumWagerLvl1
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@KhaldHegazy, Thank you for your kind words. Life is already at some harsh levels after earthquake... I see how right you are with your analysis but I hope the same that it fails this time...
MinimumWagerLvl1
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@KhaldHegazy, your analysis worked like a charm. :O
KhaldHegazy
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@abdullah77simsek, Thank you and I wish you all the best