based on where dollar will top out i will revise my count on the way we may need to add a combo wave to the count just in case it does not see a reason to correct after 5th wave. i believe getting in positions 5.70 between 5.90 is a good deal to long . targets are above play safe tarde smart. this is not financial advice. yatirim tavsiyesi degildir.
Some thoughts on Turkish Lira: - Year long accumulation is over - Volume is picking up - Weekly bullish order block/demand zone retested - Forget hitting Targets, I think we are in the game for price discovery - Clean downward break thru demand zone and close below may invalidate current PA Of course not financial advise. DYO Home work.
Hey tradomaniacs, welcome to another free signal! Important: Market still very nervous! Please don`t risk too much and reduce your risk when I update! :-) You can either place a BUY-STOP for aggressive trading or wait for a retracement after breakout to place a Buy-Limit. ----------------------------- Type: DAy-Swingtrade Buy-Stop/Limit:...
Expecting USDTRY to end correction around 4.80-5.00 and consolidate there for a while and start a new rally in 2019. This is how trends works, never use straight lines or channels to forecast future of financial instruments. Trends are not linear, trends are exponential.
We are watching a fast bullish attacks after the re-election of the city mayor decision by the Turkish government. 6.07 is the critical support and the lower band of the channel. Worth to chase it!
Good scenario in green , Bad scenario in red for Turkish economy. Inflation rates, Bank debts, Interest rates, Political risks mixture.
After election weekly candles going in sync. If this is continue, we will see action in 3-4 weeks.
USDTRY 4H Sell and Buy Setup Short idea: TP1: 5.74400 TP2: 5.72740 TP3: 5.71000 -5.7000 Buy idea: TP1:5.85000-5.86000 TP2:5.98332 TP3: 6.1000 This is not investment advice Obviously I do not use sl , adjust according to your own account
We have troublesome trend in USDTRY along with the increasing annual inflation rate around 48%(According to: twitter.com) I depicted daily golden cross wih gray and local bottom with purple. Resistance or take profit levels are depicted below* 5.97 6.47 6.88 7.29 7.87 8.61 *Not a trading advice. I hope I will be wrong.
A . We can get a long trade if the price close above strong resistance channel at 5.8600 To: TP1: 5.9500 TP2 : 6.2000 stop lose : 5.7800 B. If the price breakdown upward channel we can get short trade or wait for new long trades from 5.64500 and 5.5100 with small stop lose This is not an investment recommendation or any call to buy or sell It is just an...
In 15 minutes is Central Bank meeting in the Republic of Turkey! If the TCMB leaves the interest at 24% or possibly lowers it then threatens in my view, a rapid devaluation with new highs from the perspective of the USD / EUR or new lows from the perspective of Turkey. I have prepared the following Trading plan. If 5.9066 fall then new highs are very likely and I...
Price in a W formation to then go on the larger picture for a M formation. lets see how this one plays out. Patience is key
There are several fake reasons that USDTRY fell this much, after this moment the way is up. Who knows till when it will stop. Wait for the next week and the show starts. Mostly (%99) a rise expected. Here in the graph just wanted to show the lines for supports and resistances. Thanks !!! Not a recommendation for an investment !!!
This week first days USDTRY make decision Tp points on charts. Wait patiently
Hi TRADERS As fundamental aspect ,there is no chance for TURKISH LIRA (TRY) to win this battle.there were election in turkey couple days ago and it had a massive effect on the country because the party that does belong the president( Erdogan ) lose the election who doesn't like and want that and the instability already have started. I indicate the Eliot...