www.bongoforex.co.uk FX:USDTRY HINTS: TRENDLINE PULLBACK & RETEST FIBONACCI RETRACEMENT
USDTRY pulled back a little bit after testing the previous low, I'll be waiting for the 0.618 spot around 5.8400 to open some short and put the out above 5.8700. Let's see how it goes yo!
Bullish pennant will be broken until 31 December. Market will decide the way. Lira had spent enough time to heal the manipulation of August 2018. Now the time is up Weekly MA(50) is a strong support to broke. Lira never broke 50 MA powerfully to stay below it for long time Buyers seem more powerful. Please check HL1 and HL2 . They can't wait to buy for a lower...
Last week USDTRY success break up falling wedge pattern. this is a good sign for bullish. To follow bullish movement, we can buy at opening market, or wait at 5.7329 at minor support maximum drawdown for this pair at major support at 5.6813 In this setup, we have 2 target : 1. 1010 pips at fibonacci resistance at 5.8350 2. 1976 pips at doube top resistance at...
OANDA:AUDUSD ------Details on the chart. Pipdify, Tamilkumar
Buy stop order. 1. Descending trend line crossed above. 2. Support zone. 3. Candlestick pattern.
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...
This idea is for demonstration and educational purposes and does not constitute a signal. If you enter, you do so at your own risk. Please use your confluences before considering an entry. Price resting at key level in the market; on lower timeframe we have a descending wedge. WATCH for bullish impulse to the upside before entry. Current price action is kind of...
USDTRY Breakout wedge and breakout key level @ 5.7440 Volume Profile shows HVN @ 5.7140 It's clear accumulation area after breakout it's ready for explosion
long term forecast on the usdtry, share ur thought in the comment, like and follow if you looking for more