After a series of stealth measures by the central bank to contain the lira's weakness: such as ceasing to provide funding at its cheapest benchmark rate which began in August, Gov Uysal increased the benchmartk one-week repo rate to 10.25% from 8.25% on Sept 24, 2020. He assessed that such tightening steps should be reinforced with the rate hike to contain...
Hey, I am back with another Forex idea as I said, that I will deliver a one Forex Idea every working day.
Let's get into chart.
Basically USD/TRY has printed a rising wedge which is considered as bearish pattern and is expecting the price to see a spike down.
RSI has also printed a bear flag, overall this seems like a good trade.
Don't forget to follow me, to...
#USDTRY seems to breathe a little after refreshing its peak point.. In the following process; We can observe a structure as I stated in the chart.. The targets in the chart should be followed in the medium term.. I think cup and handle will occur when correction phase is finished..
Disclaimer: Please do your own due diligence when it comes to forex-trading.....
here we have a candidate which I have flagged for my watchlist. This is not a trade I am taking, just an interesting chart!
- a key weekly level reached
- quite some time without a proper retracement
- and highly overvalued RSI
- a bit of price action forming at this key level
- shorter then average previous candles (only) indicating (!)...
Forget the rush to safety, the USD will break. It has to break because the whole world depends on it for liquidity. The greenback must crash as a #coronavirus safety valve.
TRY averaging with positive swaps. Short the double bar bear reversal pattern with high trading volumes until it breaks!
Dolar TL 6.5TL de direnc görüp tekrar 6TL'lere gevseyebilir. Sonrasında 7 TL görülebilir.
Fakat yaklaşık 1 sene sonra öyle bir düşüş dalgası olabilir ki 3.5TL'den 7TL'lere cıktığı gibi düşüş rallisi yapabilir.
Unutmayın bu sene öyle bir sene ki yıllardır beyinlere yerleşmiş her ne varsa yıkılma zamanı.
Finansal piyasalarda sok üstüne sok görme zamanı...
USDT has enourmous value which means that the prices arent sustainable, because of upcoming Halving scheduled for May 12.th.
I personally think that this #btc price range won't be sustainable even if wales and sharks are flashing market trading on high levels between themselves and creating prices which enables them to reset altcoins even if not making money on...