$GBPTRY is also approaching the long term trendline. The oscillators are at oversold levels. In an uptrend, in combination with the other indicators RSI(14) at 40 levels always provide a good trading opportunity in the direction of the trend. Also, 61.8% retracement is corresponding exactly with the support level of the trendline. If you check the historical...
USDTRY 30 MIN SELL SETUP and WOLFE WAVES
Possible Fibonacci Channel in which the price is about to clash with support. Incase of a break under 2.88, it would be unwise to hold a long possition until proper support were to be met
USDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERN
My Idea (More-so speculation) on what might possibly occur based on the short - mid term. Short Limit 2.9950, Stop- Loss: 3.00600. Take-Profit: Meh? Indecisive. If 3.0050 is broken, Buy Stop: SL: 2.97, TP: 3.0550
Thoughts on Chart. Although after a period of consolidation the price can go either direction, my bets are on a move down. Here are the reasons. 1. MACD crossover. 2. Downwards trending 100 MA. 3. All factors that have damaged the price have already been factored in. Unless war breaks out, I'd say a drop is likely. 4. Buying Turkish Lira pays very well. Great...