Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.34192).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.34192).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
USDTRY, After getting high price and recording new price, I think should make some retest and then continue to grow upward,
Until solving all politicians problems in Turkey
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It’s possible to get down till 9.20
And then will try to continue their upward
DXY tepki alımları alsada genel dxy trendi aşağı yönlü. Dolar tl paralel kenar üst sınırlarını test edicek ve kritik bölgede bulunmakta eğer kanal üst sınırlarından tepki yemesi halinde 1w/1mo. sfp oluşturabilir ve kısa-orta dönem düşüş trendi başlatabilir eğer kanalı yukarı yönlü kırması halinde bir başka s/r flip gerçekleşecek ve parabolik gitme şansı var....
Usd turkish-lira after getting the record price and can make some stability at here so i think will make a retest to down and then will try to continue their upward.
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Downtrend
Entry: under 8.85
Tp.: 8.79 & 8.74 & 8.65
Sl.: 8.93
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My previous idea about USDTRY : in the below.
How to Calculate Andrews' Pitchfork
Andrews' Pitchfork can be easily applied to price charts without a specialized drawing tool.
Point 1: starting point of uptrend or downtrend.
Points 2 and 3: reaction high and reaction low in the uptrend or downtrend.
Point 1 = starting point of median trend line.
Distance between Points 2 and 3 = channel width.
Draw and extend...
I see possible short term gains on USTRY pair, in my opinion it can cross 9.0 mark this year easily.
From technical point of view, it broke Descending Triangle Pattern and has to continue falling further up to 9.0 and above. We have a long range Ascending Wedge Pattern that has been formed since 2018, so it can retrace a bit after hitting upper green line.
On...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.3133).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.3133).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Amerika Dollari karsisinda deger kazanmaya baslayan Turk lirasi, Amerika dollari gectigimiz 21 Haziran 2021 Tarihinde donemin en yuksek seviyesine yani 8.8 Turk Lirasina ulastiktan sonra 28 Haziran 2021 zamanindan bu yana deger kaybetmeye yani Turk Lirasi deger kazanmaya basladi. Eger bu dusus yani Turk Lirasinin deger kazanmasi devam ederse Amerikan dolari ilk...
Turkish lira. now at this price 8.21 will start upward and will continue till getting the targets, because it was stopped at the strong support line.
(Upward)
Entry: above 8.220
Tp.: 8.35 & 8.41 & 8.62
Sl.: 8.05
I see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis .
1% Risk - 2:1 RR
Usdtry at the one hour candle the view it have two case or two possibility:
So due to the chart (resistance zone) :
1- Upward
Entry: stable above resistance zone 8.67
Tp.: 8.720 & 8.7800
Sl.: 8.6150
2- Downward
Entry: stable under resistance zone 8.640
Tp.: 8.580 and 8.520
Sl.: 8.6700
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Note: i expect the downward possibility is more available than upward
