Euro Lira is seeing like it will create more of a correction pattern and is breaking out of structure. Looking to test low. Possible for it to even hit that 50-62% zone.
=> Here are once more tracking the 5th wave in the USDTRY. The market has been corrective since August and now it is looking like we have completed the ABC which targeted 5.30. => This level was marginally pierced but it never saw any break with momentum which is screaming early alerts for those expecting the bleeding to continue for Turkey to start sticking the...
The pair has been trading on a strong 1W downtrend (Highs/Lows = -0.4121, B/BP = -0.5351) that recently appears to be slowing down. This may be an indication of a support on the 1W level (6.2070 - 6.5610). However a sequence of repetitive Triangle patterns illustrates that at least a -3.54% decline is expected to follow the completion of the most recent Triangle....
Bullish gartley hit the both targets successfully
The pair broke the 1D Channel Down (RSI = 52.138, Highs/Lows = 0.0416) and entered neutral condition for the first time since early September. If the 5.54000 Resistance is crossed then it reenters into bullish territory and should look for 5.87030 at least. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
Just looking at some not so normal pairs and spotted this. Great long term play here, can play all the way down. Stop is clear to see, goo RR. Can be played with margin @ bit.ly
TRY TURKISH LIRA UPDATE - 4,94 ON 28 DECEMBER
SMA 20 and 50 crossing on 4H RSI Higher lows Price is not falling hardly Also look at daily on my comment. Little play, but could go up much higher.
I wish I was into this stuff months ago instead of wasting time hoping BTC would recover. Some people would of made a fortune off this bull run. I think this correction is coming to an end. It is further along than vs the USA pair. Going to look to enter on the 15min timeframe will update when I see it. On a side-note the president of Turkey is starting to talk...
Potential harmonic bullish butterfly with targets. And theres a triangle
AUDTRY's strong trend support line above is broken. currently in a consolidation mode looking for a breakout soon.
First of all, i expect a jump to B point which is 5.516 then i will look for a sell opportunity to aim C point which is 5.435 for my sell trade. (Also i see some hidden divergence at macd histogram and signal line on 4h chart which supports my trading idea.) When the elliot correction waves are totally finished at C point(which is our profit target), new rally...