U.S. Dollar / Turkish Lira
Double top and long candlestick. This will continue it's bearish trend
I think it will hit upper trend line until this november.
Symmetrical triangle usually forms during a trend as a continuation pattern. so there is a higher chance of breaking out to the DOWNSIDE
Hi, First of all, I am not an elliott expert. So, you should not open any positions with this analysis. If my analysis true, I am seeing an ending diagonal at 5.th wave. Ending diagonals can be seen at 5th. wave of bigger degree motive wave, or C wave of bigger degree of correction wave. So as you can see in the chart, I am expecting a rise before a big...
First Target : 6.83 Second Target : 7.07 Third Target : 7.87
MACD crossed and very low volume phase started. No hard selling or any action that changes the price. While the weekly chart looks like a bearish flag, the daily chart is telling me something will happen soon. Watch for 20 moving average. It isn't going to be taken down easily. In the first higher high green daily candle, it is a but for surge with a stop loss...
Wave II in the works... unless Turkish Bank shuts it down.
Chart the S&R wait for the breakdown and fractals and MTF ema tux confirmation
EURTRY intervention risk high. Spiral looks pretty
I see some bullish divergence on 4h chart for macd and rsi + flag formation. Buy-in level: 4.35-4.46 Profit Targets: 4.57 4.72 4.92 Stop loss: 4.28 Have a nice weekend, Berk
Pros REER based TRY undervaluation: 47% National Bank stepped in to protect TRY Key to this position: limited market volatility and risk-on sentiment It is relatively expensive to short the TRY Cons Long-term fundamentals gloomy for Turkey
GBPTRY testing multiple FIb levels
DB-Double bottom B1-Bottom1 B2-Bottom2 ST-Symmetrical Triangle