Daily: Rejection of resistance after wick fill. 1hr:Sells at 18.56800
Daily:Broke and close above resistance, currently the level being tested. 1hr.Entry at 5.8800
Daily: Broke and closed below support at 18.46333 4hr:Bear flag pattern formed signals bearish movement 1hr:Sells at 18.46333
1hr:Bullish engulfing and rejection of Support, buys at 17.99900
Monthly downtrend, reaching all time low Weekly downtrend, reaches supply in control. Supply in control tested once before, most probably will penetrate deeper this time round Daily downtrend, to wait for retracement and short to next demand zone
Hypothesis: Supercycle year time frame is downtrend Wave 3 Supercycle still in progress Wave 3 Daily should be in progress till end of March or beginning April Wave 5 of Wave 3 would complete the cycle. After this supercycle 3, wave 4 shall commence bull.
Trade Alert The US-Turkey political tensions are on a rise again. The TRY is getting hit today and it might be one of those crazy Friday's again, where certain pairs might just move one way and that's it. For now, we are targeting the 19.45 support area, which may hold the pair initially, but then we will have to re-evaluate everything again, as TRYJPY might...
Trade Alert The pair seems to be getting into a squeeze. For now, we wait until wee see a clear break through one of the sides of the triangle. But for a better confirmation of the upside and the downside, please see the chart for the potential breakout levels. Don't forget your stop-loss.
Trade Alert TRYJPY is balancing closely to the medium-term upside support line, taken from the August lowest point. We will continue monitoring the pair carefully, but if it breaks below that upside line and closes the daily candle below the 20.65 area, this could be a warning sign for the bulls and they could start abandoning the field. For now, be very...
Just looking at some not so normal pairs and spotted this. Great long term play here, can play all the way down. Stop is clear to see, goo RR. Can be played with margin @ bit.ly
The Turkish Lira has been driven by a strong upside momentum against the Japanese Yen since the middle of August, and thus sending the currency pair to the weekly R2 at the 21.94 mark. As apparent on the chart, the pair is testing the upper boundary of the medium-term ascending channel near 22.10. Given that the exchange rate is being supported by the 55– and...
TRYJPY is moving upward since the beginning of Sep-18. LONG ENTRY at 20.86 12-Nov-2018 STOP at 19.96 R1 at 21.82 R2 at 22.75 R3 at 23.69
Cloud Analysis: M: Bear W: Bear D: Bull 4H: Bull 1H: Bull 15Min: Bull => Bear twist Verdict: Bearish long term future, short term is Bullish Price quite far from the Kijun/Tenkan on many smaller time frames, we should expect at least a short term retracement to a support level. TSI Analysis M: Oversold, Bullish Cross W: Trending up, approaching resistance D:...
TRY/JPY is currently weak and could potentially break it's bullish support and fall further down. Place your SL above the high of the current consolidation zone. To play it safe, one can simply place a Stop Sell order right below the 50 EMA on the 6H chart or simply the current support line to catch the move as it breaks its current support. I would personally...
This pair has been trading on a very long term 1M Channel Down (RSI = 31.162, MACD = -4.539, Highs/Lows = -2.4883, B/BP = -6.1380) since December 2014. The 1W bullish sequence is approaching the 22.300 - 23.450 Resistance zone, which is a Lower High mark on the monthly Channel Down, hence the most optimal short entry. TP = 11.900. ** If you like our free...