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
Price was around 4.66 when i notice libra and start to share it, Going so fast, and rectangles bottom fits to target, Lets see how its gonna play