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...
i think the cypher pattern has began to form on TRYUSD market i have started a trade at 3.62 and waiting for next week as i think it will bearish till 3.58 and ultimately to 3.54 will update you
- Trend dynamics support 3.35 but lower levels are less likely. - The potential uptrend will be defined with the key topics (on the chart).
Before the next positions, we have here H&SH space for sell and TP some pips. After trand will finish this structure, please watch the Support & Ressistance channel levels. See you ! GL :)
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Short USDTRY after election if Erdogan wins
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 .
giris 3.6050 ilk hedef 3.6692 ikinci hedef 3.7126
It looks like it has reversed from the strong support we have as per chart and RSI indicates oversold. Stop loss below 29 seems a safer option and uptrend will be quite strong. It can go up as high as 32 for now. Good luck and stay safe!
Rsi daily divergence + overbough daily.H4,weekly,monthly target 3.6400 Turkish central bank (CBRT) cut the FX RRRS by 50 bp in order to boost liquidity. The central bank has also cut the interbank borrowing limit to TRY22 billion, emphasizing that measures are aimed to tackle the unhealthy price formation.
breaking the line above, will take the usdtry till 3.54 and it would be resistance, probably bearish move will start till 3.47 , if this senaryo not happen USDTRY is likely to move up till 3.60 - 3.70
USDTRY is an up bullish move since a month, lets see whats going to happen in near future,