While the emotional crowded is full focussed on the S&P, CoronaVirus, Crypto, "exotic" currencies are all dropping hard. Economic slowdown ==> The poor end up in the street first. Turkish people really hate it when I call their country a third world country. They are in denial poor guys, and have been for decades. Just the way it is not my fault. Parts of europe...
1. Wait for breaking parallel channel or resistance line then take long 2. Wait till lower band of parallel channel and then take long Turkey officially declare war against Syria. it could bring chaos to middle east. Russia also is defending Syria. Turkey threatened NATO to support otherwise it would open its borders and free Syrian refugee to flee to EU...
Turkish lira is near to its end, bow trading at 6.1096. Long term technical analysis shows corrections of this trend to S1 support level 5.9880, next target can be S2 level. This levels are calculating based on long term fibonacci retracement, also confirmation fo our analisys can be pattern wedge with trendlines T1-T2. Crossing of T1 will be a signal to sell USDTRY.
that's a big Picture from my last Chart. USD CAN DROP AFTER TRIPLE TOP. Would buy real estate there before Prices will go up like 30-50% in coming years.
Hey Traders, I hope everyone is having a good time as the year is ending and new one is beginning soon; I saw this market or the dollar-Lira which the market has broken the resistance area and then retested, if the market holds above this level and the breakout turns to be real one, then the Lira is going up, my target is the second resistance area which the wig...
Just like our EUR/TRY idea, Lira looks bad in the larger frames but not before taking this correction. Entry: 5.943 Stop: 5.965 Target: 5.86 Have a nice week.
The price is near the Support/Resistance Zone. We can open Buy if daily candle will close above. Potential profit will be in 3...5 times bigger than risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support!
Suddenly, the Turkish lira is experiencing accelerating weakness. EUR/TRY, for example, has been spinning higher lows and higher highs include this week's fresh breakout. These runs usually continue until some dramatic flourish with the Turkish lira losing a LOT within minutes. I won't be surprised to see a 10%+ move in the coming weeks. Note that those climactic...
USDTRY BROKE THE RESISTANCE / BULLISH
Symmetric Triangle - with forming a higher low as cup's base. Cup&Handle Formation - if it closes the handle, target is 7.50. I think it will break up finally. Bullish.
TRYJPY - SELL/SHORT TP & STOP LOSS AT THE CHART !
Hello dear Forex friends, and welcome to this Turkish Lira analysis! ;) A big break is coming for the USD/TRY, since we're tightening for 1 year after we had reached 7 Lira. Have fun watching! ;) If you had some value from our analysis, give it a thumbs-up & comment it, because the mechanism shows our analysis to other people then. Make also sure to follow us...
Our risk / reward ratio is 0.28 in the first field and 0.09 in the second field. There was a close above 5.84. Long positions can be tried in small lots. However, losses can be a bit high since the bar cannot be sure without closing, so stoploss should be placed directly at 5.81 or 5.84. Our sales level for the first area is 6.095. If the first area breaks down,...
Maybe not the most popular trade idea given what is occurring with Turkey geopolitically, but a good set up nonetheless. Been in a downtrend with multiple waves, and we hit a support/flip zone which can be seen by going further back or on the daily chart. A double bottom indicates a possible exhaustion of the trend as no new lower lows have been made. I am...
I drew the main channel on KST. Must watch carefully. The upward reaction would be much more severe, but the downward reaction should be evaluated. If I see anything about it, I'm gonna give url to the new idea under this area.
- Above 200ma - Break of symmetrical triangle FX:USDTRY - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.