It looks like price action has completed an abcd pattern with a nice wedge breakout up to 1.618 fib levels. Soon it should find some resistance from January 2017 highs around 1.394 zones. Price action is well above lowside trendline and within channel allowing for a nice 0.786 fib pullback into trendline support. I will be looking for exhaustion candles above ...
Fundamentally speaking, the Lira has been weakened due to the CBRT staying pat on their rate decision and allowing the double digit inflation to continue. However, daily studies indicate that the RSI has become severely overbought and this pair will correct in the coming days. I will look to close my shorts in profit around the 3.84xx range. Best of luck!
Gelecekteki TR durumu ve yurtdisi haberlerine gore USDTRY kisa muddette dusus trendine gece olasiligi bir aldatmacadan ibarettir fakat buna dikket edilmesi gerekir cunku bu dusunu ayi piyasasinin tuzagi oldugu muhtemeldir alislar 3.60-3.58 seviyelerinden alinmasi cok avantajli oldugu kinaatindeyim iyi tradler
Dear treaders,,, After we had nice 4h trend line we broke below that line at the price 3.92 we had test back but rejections was strong. short trade is a long time frame i am going to hold this for few week. SL at 3.89 is good enough as if we break that level then we will see 4$ shortley. Good luck All ,,, NOTE : I will update this soon.
I detected two support levels, trying to understand the direction of the movement. On a daily chart , it is good to see two middle-sized green candles one after another. Please note that this chart is prepared for only educational purposes so please never take this as a recommendation. If you see any mistake, please let me know so I can learn analyzing better.