Technical Analysis Trend Bullish Weekly Long Daily Long 10H Long 4H Long 2 H Long 30min. LONG Gold Bullish Strategy Bullish My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others) Trade Consditions Higher Highs Higher Lows Trade Rules: Taking only Buy Signals Trade Rule 2: Only Buy Signals Trade Rule 3:...
Technical Analysis Trend Bullish Weekly Long Daily Long 10H Long 4H Long 2 H Long 30min. LONG Gold Bullish Strategy Bullish My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others) Trade Consditions Higher Highs Higher Lows Trade Rules: Taking only Buy Signals Trade Rule 2: Only Buy Signals Trade Rule 3:...
Turkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency. Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also below expectations (38.2% in June vs 39.4% f/c), while consumer prices were slightly below previous month’s figure (June PPI...
Strategy Bullish Higher Highs Higher Lows Retracement (13%) Price above Quartely VWAP Price above Decade VWAP Volatility Bullish Maket Sentiment 92% Bullish Yearly Trend Bullish Quartely Trend Bullish Monthly Bullish Daily Bullish 4H Bullish 2H Bullish 1H Bullish 30 min. Bullish Portfolio Strategy: Volatility/Risk(Per Trade) Position Sizing Risk Management 2:...
It is not very convenient to predict Turkish Economy based on charts as there are many alter decisions that shapes out the power of Turkish Lira compared to other currencies but I found this channel on logarithmic chart which suggest 37-38 levels might work as a resistance. Analysts from investment banks such as JP Morgan, Goldman Sachs predicts Dollar/TRY might...
GBP/TRY bullish due to new president elections. Positive sentiment surrounding political stability and economic reforms expected to increase demand for GBP, pushing the pair higher.
It is making higher highs and higher lows but it has tested its ascending channel resistance once and it is pretty close to its 1.236fib resistance that's why I have opened a short trade.
GBPTRY is a great trade as always, even better when traded with 0.0 pips spread and NO swap fees. On topic - looks like an inverted head and shoulders pattern on this time frame and may rise up quite nicely today, tomorrow, toy Yoda. Or it would fall under the descending triangle pattern and slide back to where it came from. Let's have a look-see. This is just...
I think at some point in the future the Lira may set up the Mother of all carry trades (Positive swap + correct direction) - but we're down so super hard in the XTRY pairs I think this is a great buying spot. For at the very least a mean reversion move. If we can break over the 76 retracement we might see an epic blitz up move in the XTRY pairs - before, finally,...
I was asked to forecast GBPTRY for December and March... so lets see
So it seems like british pound made its retest, we can see an increase.
I see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis . 1% Risk - 2:1 RR
GBPTRY completed its downward movement inside the descending channel since June 2021 and is now bouncing back. 50 SMA is about to cross upwards 200 SMA, which will be the confirmation for further upward move. The price is rejected by support 11.7160 and Bollinger band suggests buying from here. The final target is 12.0000
GBPTRY on the 4h chart after the recent impulse retraced at the 0.5 Fibonacci level. The market starts to consolidate ove a minor support and according to Plancton's strategy if the price will break above we will set a nice long order –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue...
Why? Bb bands says double top. As the second top failed to reach the upper hand showing less volatility than the first leg. It’s a long drop . Let’s see how far it goes those. WHY? TBH THIS pair is the most abused currency lol 😂 It’s like BTCUSD every one wants to long it 🤫 but let’s see how many sl we can hit 😃