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...
The Euro has lost some value against the Turkish Lira over the past months but has reached the goal for its wave A in green. Now, it is time for another push against the Lira, before longer downward movements set in. Follow us for more!
I think the price can go back to 8.5 first Then Decrease and reach the rate of 8
I'm waiting for USDTRY parity a fix soon. this is my idea, not recommended.
USDTRY the price faild to stable under 8.46 and now will get the 8.61 —— Tendency: upward Entry: above 8.46 Tp.: 8.61 Sl.: stable under 8.46
Hello Traders, Today, with the outperformed growth data, Turkish Lira gained around 1% made a successful retest to the breakout zone of formed ascending triangle. I expect that the currency will gain momentum to finalize the movement through the target of the continuation pattern. My target area for the currency is $8.95-$9.00. 8.95 is a nice level to take...
It broke 7.26 in 92 days and increased by 18%. Until 8.57, it was the same price again after 203 days. If it breaks this place as well, it is not surprising to see double digits.
We caught a great trade from March going long (Profit/Loss Box Remains) I just don't see the economic situation getting better anytime soon for Turkey. I am actually living in Turkey currently, it's a lovely country with wonderful people, food and and and.... I see the break north, on a technical level the "Rising Wedge" pattern illustrated. Keep on...
Watch for breakout. Target 9.00
As we can observe the higher lows into the Resistance that signifies the strength of the trend THE PRICE WILL KEEP RISING
Timeframe on 4h: In previous idea we said the turkish lira will be destroyed and will get the 8.41 then 8.53 till now breaked 8.41 but now we will wait to get 8.53 1.Stabilize Above 8.3800 will get a new price upward 2.Stabilize under 8.3700 will get down till the channel
Timeframe 4H: Above the channel will get 8.388 Under the channel will get 7.740