After the last retracement we will most probably break the flag upwards toward our goal marked by the yellow line this is not a financial advice, just my own study of the chart dyor and protect ur capital, cheers
FX:USDTRY / TECHNICAL CHART Thank you for support and likes. Feel free to comment below.
USDTRY 4H Short and Buy setup Short TP: 6,15000 - 6.05000 -5.96167 Long TP: 7.08622 - 7.41560 - 8,24747 This is not investment advice Obviously I do not use sl , adjust according to your own account.
It tried to break 6.50 support. But it's impossible due to big buy support in this area. In the next run it will try to go above 6.80. Let's wait and see.
USDTRY 4h Perfect Long TP1: 7.07985 TP2: 7.17785 TP3: 7.41560 TP4: 8,28798 This is not investment advice Obviously I do not use sl , adjust according to your own account.
USDTRY 4H Long TP1: 7.07985 TP2: 7.17785 TP3: 7.41560 TP4: 8,28798 This is not investment advice Obviously I do not use sl , adjust according to your own account.
THE BULLS TAKE CONTROL OF PRICE OF THIS PAIR
Next Resistance Level Expected to be Broken Next Hours
This pair even was exposed to Impact News related to US-Turkey Crises , so we will see if the technical will be the winner Vs Fundamental for this time because the Turkish Government get some Good Economics Decisions and move to Find a solution and Trying To resolve his conflict with the USA, but the The most important question to be asked on this critical moment...
On the 30M Time Frame we can observe and Break of Resistance Level and now the price Re test this Level Coming an Support So We think That the Uptrend Staring After a Price Action to confirm our Principal Review on Daily Time Frame About this Pair
The exchange rate is reduced by a reduced ATR and moves at a lower rate. In this case, a triangular formation is expected, also called a flag formation. From this figure, when an upside-down occurs, the exchange rate can go out with a sharply increased momentum and speed. Because the base build required for the rise occurs within the triangle. If the theory is...
As we see from the chart its consolidating right now. Volume is too low now because Turkish markets are closed. When volume will go up price will also jump to 0.62 Fib Level
FX:USDTRY Break up the downtrend channel Find a pull back to long . Ideal Entry will be 5.8900 / 5.8950 SL : 5.65300
USDTRY 4H perfect long and buy setup TP1: 7.17789 TP2: 7.47899 TP3: 7.77809 TP4: 8.17474 Critical Level:6.23138 This is not investment advice Obviously I do not use sl , adjust according to your own account. Note: Turkey is due to bad management
USDTRY 4h Not Enough (perfect storng long) TP1: 6.70095 TP2: 6,95000 TP: 7,30000 TP4: 7.5500 This is not investment advice Obviously I do not use sl , adjust according to your own account.