The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 5.8500
• Take Profit Level: 5.9000 (500 pips)
In my previous analysis, I have shown that the range of 5.45 - 5.50 may be suitable for purchase. Starting from this point, our exit target, which dragged us to the range of 5.75 - 5.95. The first target of the wave we are in is 5.76 and the resistance line you will see with blue in the chart makes these points suitable for sale. I will make my first sale around...
welcome to another free signal!
Important: Wait for the confirmation and trigger of this DOUBLE-TOP! We need to see a Breakout and a retest/rejection at the Neckline.
Point of risk-reduction:...
Watch the price range between Weekly MA(20) and Keltner Channels Middle Band. Also strong Fibo 0.618 level supports the local dip.
Lower bollinger band is the deepest possible low where i can go all in.
USD/TRY formed double top on the daily chart and the price going downward.
The Relative Strength index is on low level, and the price today going little bit upward, so I think its a correction. When the price will going downward again that's a good entry for short position.
See linked idea below with commentary. We got trendline break and consolidation. Bulls appear to be exhausting; also based on bullish pennant forming I would expect to see further push to the downside; trade at your own risk and use proper risk management. This trade is for demonstration and educational purposes.
Looking at the fibs for the 1HR TF. The pair experienced consolidation after a big push. Looking for short term trade of the counter trend just short of 38.6% on the fibs . After that will look for a new long term trade for a buy to rid the uptrend.