In the short term, the downtrend broke down and crossed the rise. I drew up the formation formation and possible movement. The output can be expected until weekly resistance.
This chart is an update to the USDTRY analysis below dated May 28, 2018. As you can see in the H3 chart, falling will seems to continue for a while. The target price is primarily 4.41xx and then 4.37xx It is necessary to pass the 5.50 for rising trend again ***This information is not a recommendation to buy or sell. It is to be used for educational purposes...
Tom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend. Weekly and daily charts confirms this as well. Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns. In the upcoming...
Setting up a short position bouncing off previous support turned resistance and the downward sloping channel. This looks to be a good play as risk on continues and emerging markets are gaining strength this year against the USD. Follows, Comments, and Likes are appreciated!
After a longterm Anelising of fibs / HVF/ waves and other instruments, a came to this conclusion . It can take longer some longer , but not much .
Trading the S/R Zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the reverse. Do Not chase price,...