Just prediction nothing more. it is not invest advice
USDTRY a Potential Cypher pattern Time will tell of the opportunity we see, patience is key. Hopefully, you found this helpful! If so please like or comment, your feedback is appreciated!
USDTRY - Turkish Lira - Possibility of Uptrend
USDTRY / TECHNICAL CHART
We see that price bounced oh so nicely off the 61.8% fib level. What a beautiful move! We see also that price is respecting the trendline as noted. I bought this pair at the noted area, where I saw the retest right along the trendline and double bottom candles. I can see what may be the beginning of a potential teacup; however, this is a little ways off. We see...
$USDTRY price will go to middle of uptrend channel and will see how price reacts to 4hr OB, where it can see resistance or break though if momentum will be strong
I don't trade this pair, but I trade EUR/TRY and this is same. XABCD bullish bat pattern forming on the chart, and its oversold, so there's a nice entry for long positions.
We will most likely see a gradual downward movement until 31 March 2019 elections. After that date I expect to see 5.x/6.x/7.x levels in 2019. ''only for educational purposes''
USDTRY 4H Sell and Buy Setup TP1: 5.43768 TP2: 5.37158 TP3: 5,33179 TP4: 5.26569 TP5: 5.25252 (Fib 0.236) This is not investment advice Obviously I do not use sl , adjust according to your own account
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.
Expecting bullish trend continuation to the upside...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Confluence of two trend support lines suggest the pair will revert to mean and go back up. It might go from here, or reach the 200-day simple moving average first.
Red box is fib retrace .618 zone from the second top and also 1.618 from 3-4th to 5th wave.
USDTRY DAY Long TP1: 5.70253 TP2: 5,94555 TP3: 6.10342 Critical Level: 5.54466 This is not investment advice Obviously I do not use sl , adjust according to your own account
Watch out for EUR/TRY. It is currently holding strong above the 4H 50 EMA. The next step could very well be a breakout of the consolidation to the up side. Trade safe.