USDTRY is bullish, moving in a rising channel and intertwined patterns&the probable of the Bearish Bat Pattern D leg's levels.. seems likely to rise probability on the medium-long term. Good luck!
USDTRY BROKE THE RESISTANCE / BULLISH
Turkish Lira has finally broken above 5.8 resistance level. Now we can expect further bullish continuation to higher structure levels 5.85 5.90
Hello everyone i see bearish trend on EURTRY Happy trading to all! tp 6.37430
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.
If it stay above 5,77 minor support as daily, possible buying points are 5,83 - 5,93 - 6,03.
If it can continue to moving up, first strong resistance is 5,00. After than daily close above 5,00, it can go 6,52 to watch out. IN the big picture possible back point is aroun 3,26. Critiical supporting points are like that 4,4 - 4,03 - 3,73 - 3,44 - 3,01. Can be moved like following up below 2019 major support in daily close as possible S/L.
Hello traders, welcome back. This is my new channel and I hope to enjoy. Lets Go straight to the chart, I am a trader who create 2 scenarios to adapt to the price action. First case, if the gold/usd break the first trend line we will wait to break the big triangle (on the second trend line as well). If this happens we will put our take profit on the...
Had a rejection from supply, sell limits have been set
ued try is following this triangle, Follow ----> for more latest technical chart setups / analysis
TRYJPY - SELL/SHORT TP & STOP LOSS AT THE CHART !
Still not very clear but looks like we got a possible long term top formation here. Broke the support, few failed retests as well. If it’a real, we should see rejection and drop happen at any moment. So in other words, even though there is room to that blue zone, it should actually not even come close any more and simply drop from this very moment.
The pair is comming off a rejection on the Lower High trend line of the 1M Descending Triangle (RSI = 60.943, MACD = 0.510, Highs/Lows = 0.000). Based on the previous Lower High made and the RSI it traded, we are expecting a stronger decline towards the previous low. Our sell Target Zone is 6.87000 - 7.00000. ** If you like our free content follow our profile...
U.S even with ''great'' fundamentals have its economy still being hurt by economic data with GDP, CPI and Interest Rates being slowed down. Regarding the Technical with the diagonal downside trend line it is an easy trade to just put your stop loss above where the trend line was last touched and take profit towards the next support. Thank me later
USDTRY continues grinding higher as anticipated with sanctions next. Any de-escalation of the conflict is very unlikely currently sitting at 12% odds after announcements from Syria joining forces with the Kurds. Those wondering why the reaction has been muted so far on the FX board is because local Turkish banks continue defending Lira by selling $ in large sizes...
Markets are on edge, the calmness should not be mistaken for business as usual. The unaware do not realise there is a massive macro move cooking and ready to be plated up: Erdogan making fiery speeches saying that Turkey will not back down etc will not reflect well in markets. Investors smell desperation from local banks who have been selling $ at market in...