A textbook trade the previous analysis on usdtry. Showing how easy trading can be sometimes if we are willing to wait for a good setup. As we can see on the left, it respects that big bull flag that i drew a week ago. So we could be closing in on a temp low on the lower time frame. My game plan now is, waiting for a potential inverse H&S with the low in that...
USD/TRY harmonic bullish gartley pattern. Targets are shown on the chart. (short term idea)
Setup on chart.
There are similarities with Venezuela. It's look like Trump and Israel doesn't wan't to loose power in middle east. They are some good projects like: *new silk road to istanbul *drilling for oil and gas near Cyprus in the near future Battle cards tell you truth. Turkey+Russia+China+Iran have now more power and control in middle east. Trump + Israel have more...
Uptrend on the right broke and the one on the left as well. It is around the breakout zone now which can be a resistance level and there is a chance to see an H&S getting completed here. Since the right shoulder got high, it needs to drop fast to become reliable. So i good risk reward here which i am going to give a try with a small size here and will make it...
USD/TRY symmetrical triangle. IF can't hold the 5.98-6.04 area, we'll go back to 5.82-5.85 area.
The pair is on a strong uptrend on 1D (RSI = 58.592, MACD = 0.072, Highs/Lows = 0.0000) forming the right side of the 1W cup formation. It appears that the uptrend targets the Lower Highs of the previous downtrend in the form of Resistance Levels. Based on this we are long with 6.38740 our next TP and 6.64497 the extension. ** If you like our free content...
As shown in the chart.
Just dropping a though about the recent correlation between the fall of TRY and surge in Bitcoin, that came simultaneously (within days). This can be explained by capital flowing through the black market, having bitcoin as a medium. Investors wanting to flee, converting the turkish to bitcoin then converting the bitcoin to another currency. It looks like bitcoin...
After election weekly candles going in sync. If this is continue, we will see action in 3-4 weeks.
After a continues growth of dollar against Turkish Lira in last few days , now we can see a down fall towards 5.87 Sell at 6.02 - 6.03 Take Profit at: 5.8724 Do your trading with proper fund management
As per our technical analaysis, Turkish Lira will get stronger as compare with Dollar so here is a short trade Short / Sell at: 5.8862 Take Profit: 5.7254 Stop Loss: 5.9842
USDTRY making 1H flag for final leg up to finish B wave
Pattern: 1W Channel Up. Signal: Bearish once the price makes a Higher High. Target: Around -10% from where the Higher High is made. *If 6.22990 breaks, close and wait for a new (quite possibly more aggressive) bullish pattern to trade.
A . We can get a long trade if the price close above strong resistance channel at 5.8600 To: TP1: 5.9500 TP2 : 6.2000 stop lose : 5.7800 B. If the price breakdown upward channel we can get short trade or wait for new long trades from 5.64500 and 5.5100 with small stop lose This is not an investment recommendation or any call to buy or sell It is just an...
EURTRY daily chart short signal if the price doesn't brake the price 6.6
=> For those who believe in the bearish Turkey story, we are in the early stages of a 5th wave which we mentioned in our previous ideas... it can be seen clearly here and shows how the floodgates for the highs are wide open. From a technical perspective the 5th wave target, the first major target is 7.85 (assuming wave 5 is a 1.00 ratio in length of wave 1)....