I have a vision of a diminishing double-wave system. The fractals behind the wave system are also visible in the analysis. From this, I can see that the exchange rate adjustment is going down. The doubling of the first-sided fractal may be the major part of the now-waning declining wave. In case my analysis is correct, the target price for the exchange is 5.51121usd
SELL USDTRY 1HR www.bongoforex.co.uk FX:USDTRY Tendency: Downtrend = trendline Pullback - retest - breakout
I refer to this post as an update to the previous analysis. Current analysis uses the rule that the exchange rate can move symmetrically on wave curves. This is what we will trade. The situation is easier now, since I have been in a short position for a long time, so I will keep this trade. The figure shows how the wave sequence develops on the MA curves. The...
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) If the...
A nice short has appeared on USDTRY as the pair has come back within its descending channel. Price is expected to go lower, NFP release my be the catalyst for the move down.
See chart for illustration This is a follow up on a long term speculation published earlier ( see link below for reference purpose)
OANDA:USDTRY --------Details on the chart. Pipdify, Tamilkumar.
I expect more Turkish lira to strengthen. The exchange rate may create a sideways band, the upper level of which may be provided by the MA (200) axis. I expect a turn from this level to the south and reach the correction level. The target price for this is $ 5.3548
usd/try 15min U.S. DOLLAR / TURKISH LIRA 15min
Hey tradomaniacs, 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. ----------------------------- Type: Daytrade Sell-Limit: 5,57279 Stop-Loss: 5,60476 Target: 5,52622 Point of risk-reduction: 5,54638 ----------------------------- ...
The figure shows two lines of drawing. One shows the fractal itself. From this it can be seen that the current motion can be an inverse fractal. In terms of size, it is the size of the first fractal. The second drawing is the decreasing wave that is visible after the momentum gain. This also confirms the theory of halved fractal. Consequently, the presence of...
The Turkish lira stands at 5% gain. In addition, another phase of amplification is likely. The USDTRY target price is 5.3944 usd
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. Good luck!
OANDA:USDTRY - Details on the chart. Only word now is "WAIT". Pipdified.