How to Calculate Andrews' Pitchfork Andrews' Pitchfork can be easily applied to price charts without a specialized drawing tool. Point 1: starting point of uptrend or downtrend. Points 2 and 3: reaction high and reaction low in the uptrend or downtrend. Point 1 = starting point of median trend line. Distance between Points 2 and 3 = channel width. Draw and extend...
I see possible short term gains on USTRY pair, in my opinion it can cross 9.0 mark this year easily. From technical point of view, it broke Descending Triangle Pattern and has to continue falling further up to 9.0 and above. We have a long range Ascending Wedge Pattern that has been formed since 2018, so it can retrace a bit after hitting upper green line. On...
Hi, Price is ready to drop after breaking the ascending trendline...in H4 TF it looks like we have a double top too. Use proper risk management!
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.3133). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.3133). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Amerika Dollari karsisinda deger kazanmaya baslayan Turk lirasi, Amerika dollari gectigimiz 21 Haziran 2021 Tarihinde donemin en yuksek seviyesine yani 8.8 Turk Lirasina ulastiktan sonra 28 Haziran 2021 zamanindan bu yana deger kaybetmeye yani Turk Lirasi deger kazanmaya basladi. Eger bu dusus yani Turk Lirasinin deger kazanmasi devam ederse Amerikan dolari ilk...
Turkish lira. now at this price 8.21 will start upward and will continue till getting the targets, because it was stopped at the strong support line. (Upward) Entry: above 8.220 Tp.: 8.35 & 8.41 & 8.62 Sl.: 8.05
TRY/USD Given that the index is channeled from about 0.193 and the previous wave can be considered the end of the function, the 5 specified waves are standard and due to the short correction wave after hitting 0.117, one can expect the formation of an expanded band. Accordingly, the value of the Turkish lira should increase against the dollar and is confirmed by...
Green line is a target for me in midterm FX:USDTRY
I'm waiting for USDTRY parity a fix soon. this is my idea, not recommended.
I see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis . 1% Risk - 2:1 RR
Usdtry at the one hour candle the view it have two case or two possibility: So due to the chart (resistance zone) : 1- Upward Entry: stable above resistance zone 8.67 Tp.: 8.720 & 8.7800 Sl.: 8.6150 2- Downward Entry: stable under resistance zone 8.640 Tp.: 8.580 and 8.520 Sl.: 8.6700 ———- Note: i expect the downward possibility is more available than upward
I am not an XRP investor as a result of the active lawsuit it has with the SEC, but I am not blind either. There is a clear pattern of accumulation in XRP since the end of May, after a correction of -74.4%. We must add to this that the daily candles are showing us a cup and handle pattern, where its target is at approximately $ 1.06 which represents 38.20% fibo...
Hi, Wait while the price breakout the resistant line This is my simple idea for USDTRY 4H time frame I hope it is useful :) Note 1 : It may take one or 2 weeks Note 2 : DON'T FORGOT, STOPLOSS IS YOUR FRIEND :) Best regards :)
Usdtry, now the price can stable under support line so now can get down direction ——- Tendency: downward Entry: under 8.4300 Tp.: 8.3300 & 8.3000 Sl.: 8.4650