The technical rule set I've set up hasn't triggered a long call just yet but, if the USD can close above the trend line at ~5.715 it will. With the CBRT announcing it's rate decision in two days this could be the start of a substantial move up given the heightened political tensions between Turkey and the EU over drilling in Cyprus and looming US sanctions for...
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal...
THIS USDTRY SETUP IS AN OVERLAPPING TREND LINE AND 200 EMA TRADE. SINCE TRY ,HAS A INCREASED VOLATILITY ESPECIALLY WHEN POLITICAL UNCERTAINTY RISES , IS AN ADVANCE CURRENCY TO PLAY WITH. SO, I AM GOING HERE WITH ZONE ESPECIALLY FOR THE ENTRY AND THE STOP. YOU CAN PICK YOUR EXACT ENTRY REGARDING TO YOUR RISK LEVEL. I AM A HUGE BELIEVER THAT THIS PAIR CAN GO ONLY...
only and only under the 5.55 all ofrising formation will be canceled
CHINA, IRAN, VENEZUELLA, BREXIT, NORTH KOREA, AND FED TOGETHER
Possible bearish pennant formation on this pair. Note possible trend line confluence as well as 61.8% fib level target. Initial bearish outbreak gave us approximately 200 pips. Breakout to target would mirror another 200'is pips. I do believe long term we will see higher prices, but for short term we have to take what the market gives us. This trade idea is for...
Turkish Lira USDTRY may fall down again and it is good to get the next summer vacation in Istanbul !!
USD/TRY harmonic bullish gartley pattern and bullish divergence on RSI + oversold.
look my last TA about this currency. it will have a hard time.
Well, chart says it all: 1. No financial advise 2. Couple weeks ago 50 MA crossed 200 MA (Golden Cross) 3. High 6.22 have been taken out by SFP (local top) 4. PA heading down to retest of major "resistance flipped into support" level of 5.75 5. RSI Hidden Bullish Divergence is building (important) I don't care about news, politics, manipulations. Only price...
Some thoughts on Turkish Lira: - Year long accumulation is over - Volume is picking up - Weekly bullish order block/demand zone retested - Forget hitting Targets, I think we are in the game for price discovery - Clean downward break thru demand zone and close below may invalidate current PA Of course not financial advise. DYO Home work.