Oversold RSI combined with 0.5 Fib Retracement and Extention Strong past structure at that level + could be viewed as support level of a trend which started in late 2013 Brexit effectsdisappear, hopefully!! GL
The Turkish lira vs the euro is about to make a big move in either direction, with Bollinger band starting to squeeze. A big move down would open up a fantastic carry trade opportunity considering the swap. For a similar diea, consider the rand, but with the possibility of gold falling after the referendum, I prefer this trade.
It seems, atleast for midterm that the Lira might be losing some strength, with prices possibly retreating back to 2.90's. This is a possible Long Channel that seems to be forming. If the price confirms this support line on Monday, it is quite possible that 2.90's resistance may be tested by Friday.
Buy incase of a breakout above Resistance # 2.
USDTRY - EXAMPLE WYCKOFF`s MARKET PHASES
Potential long signal on daily chart. But better wait for daily price close. Also wait for doji complate or non...We have a long signal on daily chart. But on Monthly chart we have a huge bearish engulf candle. Keep in mind.
USDTRY 1D IDEA - Effect of Triple top pattern, Elliott waves + broadening patterns
USDTRY DAILY DRAGON, TRUNCATED 5th AB=CD and PRZ
Wave structures for the masses. Happy trading! ______________________ Contact me for TRADE SIGNALS: InsideMarketFX@gmail.com / Skype: @insidemarket168 Trade record & statistics: miud.in
EURTRY HIDDEN DIVERGENCE, FLAT, PRICE ACTION - WATCHING
USDTRY WEEKLY HIDDEN DIVERGENCE PRICE ACTION and FLAT
2.7750 for Long Term.