I recommend hold this trade at this levels9.00@8.95 and thanks me later guys
The upward movement is breaking its resistance of 8.50s price level. Looking at historical data, it only means that we are looking at new records soon. I also foresee a retraction to current levels, just like it happened in 2018. First goal is 9. Then a retraction to 8.60s levels. Then all the way up ! Sorry for the poor drawing by the way. I think the idea is...
Chart looks clean and easy. Make your own decision
The Short to M/T"s crucial level is 8.5, sustain trading above this level we may see 9 or higher. Failure to comfortably penetrate up and sustain trading above 8.5 leads to 6.5 area during the coming months.
TRY 11 - 11.50 should be followed as a strong support for SOKM whereas 13.19 and especially 14.72 is being a strong resistence. If SOKM is able to break above, investors should aim for new all time high which is TRY 18.00. This is not a financial advise. SOKM için takip edilmesi gereken destek bölgesi 11-11.50 lira iken, 13.19 birinci direnç, 14.72 ikinci ve...
Hi, my name is Shooter_Forex . USDCHF Demand Zone D1 + Reduction structure model. Sell Limit Good Luck! I use the following methods: 1. Price Action 2. Supply Demand Zone 3. Risk management: Investment capital (4% / deal)
I posted this long Idea based off this green trendline shown, back in February. Price reacted to that level, but more importantly are the Macro events in Turkey at the moment. I see the trade long. I have highlighted a 2:1RR with 1% Risk. This is a 12 hour chart...I am stepping back in timeframes to wash away some of the silliness in the market, it's helping.
It is pretty debatable but lira may hit an ATH or at least lira had a local top. The fundamentals are bleak or against the lira but US dollar's depreciation has a limited impact on the trend. Moreover, Wyckoff's schematics, in particular distribution, supports the idea. 7.15 will be a quite important support. 6.07 and 5.12 will then be important levels to follow.
EM countries have suffered a lot from the pandemic. As the relief packages are announcing across the world and central banks providing money, some EM countries have seen a rise in stock markets. At this point, we should take into consideration currency losses. When we look at the Turkish stock exchange based on USDTRY chart, it is clear that it has still not...
📌 Turkish Lira for the Yearly Close The strong points of the rally which we went into more detail was an absolute momentum move; the flow was a force to be reckoned with and undermined all sides of the Turkish banking system, collapsing like a house of cards. After 2019 the helplessness of Turkey's Erdogan was quite something. My dear readers, populists...