Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few...
Looks like the Turkish Lira accumulate it's power for next jump. I will watch for the next movements of this instrument and if I'll see accurate entry point I will make an update. Write your comments and questions here! No need to write it in PM. Thanks for your support!
We have identified a triangle in FX:USDTRY that is meeting all criteria: Shape :Triangular. Prices move between two converging trendlines. Trendlines : Two trendlines bound prices; the bottom trendline slopes up and the top one slopes down. Crossing : Price must cross the pattern from side to side, filling the triangle with price movement, not white space. ...
The pair is comming off a rejection on the Lower High trend line of the 1M Descending Triangle (RSI = 60.943, MACD = 0.510, Highs/Lows = 0.000). Based on the previous Lower High made and the RSI it traded, we are expecting a stronger decline towards the previous low. Our sell Target Zone is 6.87000 - 7.00000. ** If you like our free content follow our profile...
Hello dear Forex friends, and welcome to this Turkish Lira analysis! ;) A big break is coming for the USD/TRY, since we're tightening for 1 year after we had reached 7 Lira. Have fun watching! ;) If you had some value from our analysis, give it a thumbs-up & comment it, because the mechanism shows our analysis to other people then. Make also sure to follow us...
Our risk / reward ratio is 0.28 in the first field and 0.09 in the second field. There was a close above 5.84. Long positions can be tried in small lots. However, losses can be a bit high since the bar cannot be sure without closing, so stoploss should be placed directly at 5.81 or 5.84. Our sales level for the first area is 6.095. If the first area breaks down,...
The pair is trading within a Channel Up on 1D (RSI = 62.022, MACD = 0.054, Highs/Lows = 0.0493) since the August bottom. It is currently in the process of pulling back for a Higher Low and that will be our opportunity to buy. TP = 6.1000. Notice how when the RSI turns sideways it denotes a Channel pattern, both on the downtrend and uptrend. ** If you like...
In today's #marketinsights video recording I analyse #USDTRY and #EURGBP #FXMinors! Turkish Lira Under Pressure on: - Risk of sanctions - Launch of military operations in Syria - Bank charges for money laundering and fraud - Breather short-term amid US Retail Sales Pound Higher on: - Negotiations optimistic ahead of EU Summit - BoJo's attempts to get deal...
Maybe not the most popular trade idea given what is occurring with Turkey geopolitically, but a good set up nonetheless. Been in a downtrend with multiple waves, and we hit a support/flip zone which can be seen by going further back or on the daily chart. A double bottom indicates a possible exhaustion of the trend as no new lower lows have been made. I am...
I drew the main channel on KST. Must watch carefully. The upward reaction would be much more severe, but the downward reaction should be evaluated. If I see anything about it, I'm gonna give url to the new idea under this area.
USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower. Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25 Look for a valid breakout above minor 1 at 6.0373! Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near...
The price is near Mirror Level 5.63605. It was a 1-month accumulation in the triangle formation. So it's possible to see some impulse after the exit of this triangle. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write them in PM. Thanks for your support!
TRY has been extremely resilient against the USD in recent days despite weakness in other Emerging Market currencies. USDTRY is poised to close below the daily Ichimoku cloud soon. The downtrend is about to begin in earnest.