USD/TRY harmonic bullish gartley pattern. Targets are shown on the chart. (short term idea)
Buy opportunity at 1.272 fib level to trend line. if price breaks 1.272, 1.618 could be a buy opportunity too.
The pair is on a strong uptrend on 1D (RSI = 58.592, MACD = 0.072, Highs/Lows = 0.0000) forming the right side of the 1W cup formation. It appears that the uptrend targets the Lower Highs of the previous downtrend in the form of Resistance Levels. Based on this we are long with 6.38740 our next TP and 6.64497 the extension. ** If you like our free content...
As shown in the chart.
Expecting USDTRY to end correction around 4.80-5.00 and consolidate there for a while and start a new rally in 2019. This is how trends works, never use straight lines or channels to forecast future of financial instruments. Trends are not linear, trends are exponential.
After a continues growth of dollar against Turkish Lira in last few days , now we can see a down fall towards 5.87 Sell at 6.02 - 6.03 Take Profit at: 5.8724 Do your trading with proper fund management
A . We can get a long trade if the price close above strong resistance channel at 5.8600 To: TP1: 5.9500 TP2 : 6.2000 stop lose : 5.7800 B. If the price breakdown upward channel we can get short trade or wait for new long trades from 5.64500 and 5.5100 with small stop lose This is not an investment recommendation or any call to buy or sell It is just an...
Looks like Turkish lira will regain some strength against the Euro. I am trading the retracement back to the Kumo and Kijun. At the same time I will capture the interest differential of around 24%.
USDTRY price is at 5.8 resistance level, so if it start to fall open short.
EURTRY daily chart short signal if the price doesn't brake the price 6.6
Expecting a drop between 4.7 - 4.9 to get myself some USD. Expecting at least 8 TL at the end of 2019.
Market sentiment: Bullish trend Market is approaching significant resistance Weakening bullish momentum RSI overbought + divergence Head and shoulders pattern formation Wait and sell breakout of the neckline. Targets are based on structure! Please, check my signature!
Price in a W formation to then go on the larger picture for a M formation. lets see how this one plays out. Patience is key
Based on 3 different fibonacci levels, there is a possible short opportunity for USD/TRY. But If the price closes above the 2 fib levels, it is more likely to have a up trend.
Hi TRADERS As fundamental aspect ,there is no chance for TURKISH LIRA (TRY) to win this battle.there were election in turkey couple days ago and it had a massive effect on the country because the party that does belong the president( Erdogan ) lose the election who doesn't like and want that and the instability already have started. I indicate the Eliot...