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,...
The pair is trading within a Channel Up on 1D (RSI = 62.022, MACD = 0.054, Highs/Lows = 0.0493) since the August bottom. It is currently in the process of pulling back for a Higher Low and that will be our opportunity to buy. TP = 6.1000. Notice how when the RSI turns sideways it denotes a Channel pattern, both on the downtrend and uptrend. ** If you like...
Once again, the lira is poised for weakness. - The USD/TRY pair triggered an inverse H&S pattern, projecting a profit target at the 6.20 mark, with an intermediary target at 6.00 (round-number + horizontal resistance zone). - The pair completed a pullback to the broken neckline, validating the inverse H&S pattern. - A shorter-term horizontal support level lies...
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.
*** DISCLAIMER *** Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which...
FX:EURTRY *** DISCLAIMER *** Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of...
Descending triangle, one of the sell signal technical patterns is visible on D chart. Still, MA200 is a reliable support area. RSI is below 50 levels. My play is sell, with S/L at 5.70 and T/P at 5.43
Short term scalping opportunity - don't forget to set stops
There is a huge potential for the currency usdtry to test August 2018 levels.
After breaking the triangle a short trade is an option.
See chart for illustration This is a follow up on a long term speculation published earlier ( see link below for reference purpose)
EURTRY sell in short term. Take profit near the trend channel lower line