USD/TRY short term analysis. Harmonic bearish butterfly will go down a lil. Shorting it
USDTRY was in a giant consolidation period and today is the breakout day imo
I think create a long position because - RTE factor - Cyprus oil Problem - Kurdish (Syria) Problem - Economic indicators - Graph indicator / Technic Analysis (StochRSI + MACD + Mov50 + TD)
Usdtry ll go up. Lowest possible is 5.60x. Share your ideas for disccussion as well.
Double bottom has occured. Firstly 5.90-5.93 ll be broken this week probably, then major 6.05-.6.10. (It can touch this line and come back till 5.88 at first, then UP again and then it ll be broken and UP story ll start, firstly at 6.24 and maybe ll come back from there 6.05-6.10 and 2nd time 6.24 ll be passed fastly again.
If rsi continues up, usdtry ll pass 5.88 at first and then 5.97. Then up trend ll start.
USD/TRY harmonic bullish gartley pattern and bullish divergence on RSI + oversold.
USD/TRY harmonic bullish gartley pattern. Targets are shown on the chart. (short term idea)
USD/TRY symmetrical triangle. IF can't hold the 5.98-6.04 area, we'll go back to 5.82-5.85 area.
potential rising wedge pattern. Targets are shown on the chart.