Hi, Target 1: 5,25 ---> 5,50 Target 2: 5,50 ---->4,85
I am not sure if we can really hit 5.00 region for usdtry however there are a few formations that are already supporting it. Dense political activity (elections etc) in Turkey, jeopolitical factors including Syria, Iran and Russia issues and economical situations flactuates the daily bars quite a lot. Please be informed that this graph does not include and...
we might see a possible retracement from this region. Not an investment advice. Best regards.
Now it`s out of control, time to visit the moon as 3rd country.. i dont want to say anything else like Ties between Turkey and America are near breaking point, economic sanctions, S-400, American embargo to Iran etc.. ,
Look to the left. 16 Aug 2018: 5.67354 breaks the symmetrical wave rule (reversal pattern) for a long-term downtrend, counted as wave I. 30 Aug 2018: The market corrected for wave II Thus, I expect the market to drop from Wave II to Wave III. - Monitor 1: wave group on I, II, III ... (Down) - Monitor 2: H4 wave group (1) (2) (3) ... increase the tuning wave (3)...
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.
USD/TRY still hasn't found a strong support and thus, a move down further below is possible.
USDTRY can be a little quiet. The exchange rate has the potential to create a decreasing triple wave structure. It is currently heading towards the end of the first wave structure. The triple wave structure clamping axes can be formed by 2 ATR axes and two wave axes. Along the four boundaries, we expect the formation of a decreasing wave structure. 5,733 target price.
There seems to be occurring an inverted cup and handle formation. Watch for break and close below 6.20.
Most Possible Scenario for the short-medium term We are out of Bollinger bands , the USD/TRY overperformance might be over for some time. Probably a short to medium term top. USD needs to consolidate before continue the bull run. In the mean time, BIST 100 , while USD is resting will try to push for 100.000 level as a first step. Turkish manipulators will use that...
USDTRY 4H scenario Sales Scenario: TP1: 5.17990 TP2: 5.15715 Buying scenario: TP1: 5.38904 TP2: 5.45134 TP3: 5.54615 TP4: 5.55189 This is not investment advice Obviously I do not use sl , adjust according to your own account.