SHORT OPPORTUNITY FOR USDTRY ON DAILY TIMEFRAME. TP 1: 5.19 TP 2 5.08
Downtrend is finished with support line. EMA13 plays well in USDTRY. Must check after the elections at April 1st. A possible agreement with IMF will probably signed so after the elections a sell strategy can be applied.
USDTRY has a falling wedge formation on the weekly chart. If this week closes above 5.31 falling wedge breakout will be confirmed. Stoch RSI is extremely oversold on the weekly chart. Tom Demark count gave a red 9 and counted extra 3 bars. In upcoming weeks I expect a bullish rally to start. Here is my long term trading idea: Long at: 5.26 - 5.31 Take profit...
USDTRY counted red 9 according to Tom Demark count. After red 9 we expect a trend reversal. Weekly Stoch RSI is at historically low levels. Bollinger Bands are very narrow at the daily chart. I expect a bullish breakout within this month. Major resistance areas are: 5.33 (daily MA20), 5.43 (fib 0.5) and 5.72 (weekly MA20). Major support is at: 5.05 (fib...
stats are like mini skirts, they show many things except you really wanna see. that`s not an idea for trading, only for hobby :)
Hi, Target 1: 5,25 ---> 5,50 Target 2: 5,50 ---->4,85
FX:USDTRY / Support Channel & ABCD Don't forget to use %2 Risk Management DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
USDTRY will be going down for the next few weeks before continuing its rise.
The price broke up downward triangle. It is a powerful buy signal. 1.st goal: 6.84025 2.nd goal: 7.08035 Push like, subscribe and write in comment what do you think about thins idea! I will write accurate S/L point if this post will get 40 like.
USD/TRY still hasn't found a strong support and thus, a move down further below is possible.
Most Possible Scenario for the short-medium term We are out of Bollinger bands , the USD/TRY overperformance might be over for some time. Probably a short to medium term top. USD needs to consolidate before continue the bull run. In the mean time, BIST 100 , while USD is resting will try to push for 100.000 level as a first step. Turkish manipulators will use that...
If you remember the date of 23-05-18, the central bank of Turkey had made committee decisions, the Turkish lira gained about +8% and USDTRY was decreased about -8%. The history repeats, the meeting will affect a decrement upon the value of TRY positively on 24-07-18. However, at that time, if the USDTRY sees the 5s then we can say these conditions as I said. Now...
Historically USD against TL , if at the major top, it will dramatically drop back and can not hoover around the top. Hovering close to top is a sign that USd is forming a continuation pattern, probably a symmetrical triangle. Long term bulllish on USD/TRL