after years of parabolic upside we are finally seeing some pullback, my short term targets are 15.15-14.4
USDTRY is in bullsih stage. Buy @ cmp with SL at 16
USD/TRY may end the uptrend for a period of time in a bear market correction. Either the bear market is in the going or the uptrend may still needs to make more uptick before the bear market resume. The wave count and chart pattern may give us a clue for the direction of the trend. Only sustain trading above 18 Lira to one US Dollar may destroy the bear market...
Next 2 days will be crucial for TRY...Monthly chart shows possible targets up to 33
Nice trick by goverment. They want to put pressure on companies by making them sell their dollars. But this will only postpone the collapse of Lira. Target is 18+ for USD/TRY pair. This will be 3th wave (elliott). Current correction can not go down more than here 15.80 My target is 21-22 for USD/TRY pair. Fundamentally flawed economy will not persevere.
USDTRY tendency upward Entry: above 17.28 TP: 17.40 & 17.60 & 18.20 sl.: 16.90 risk 2.0%
Hello traders and arkadaslarim, Everything is clear on the chart for you like always. So monitor the price's action in the circle. After breakout the resistance zone and fixation, we can buy and for lower risk after pullback. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
It is way overdone for all time frames, and especially weekly and monthly chart. I have not changed my view, but as mentioned many times, the time it will correct may be only 4-9 months time. The short period coming 1-2 months I suspect we see recover 12.50-12.75, whilst long term 10.50-9.00. I know this conflicts with many people's ideas, and some comparison...
Trade Idea: USDTRY Reasoning: Selling resistance, nice risk reward Entry Level: 17.3623 Take Profit Level: 17.3012 Stop Loss: 17.3778 Risk/Reward: 3.94:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis...
USDTRY tendency upward Entry: above 17.28 TP: 17.40 & 17.60 & 18.20 sl.: 17.02 risk 2.0%
In long-term view, the pair is heavily overbought and inflation is very high It does not mean the market condition can continuously drive it upwards. TP areas are signed white flags. And supports are black flags. *Please share your opinion on it, write in the comments. Dont forget some cheers bravo. " Teşekkürler.
An analysis alone does not reflect the facts. It is not investment advice. If the ABCDE Pattern seen here exceeds the 17.15 resistance, it is 18.38. If it exceeds the 18.36 resistance, at 19.51, the short-term echoylation period begins. We put the point between 21.74 - 23.41 and the retreat begins. When we examine the other economic factor, we see that the value...
USDTRY tendency upward Entry: above 16.87 TP: 17.00 & 17.40 & 17.60 & 18.20 sl.: 16.65 risk 1.5%
USDTRY incoming ATH. The channel slop is obvious and soon it will try to cross the middle line then it's going to be open season. I'm not sure about the following ATH level.
This is just an experimental analysis. NFA Target 1 : 14,0 - 15,0 Target 2 : 19,0 - 20,0 Targer 3: 24
There is a volatility contraction on 4H and 1H chart. Im expecting that price will break up soon. Im suggesting to set buy stop order at green line. Please do not copy this trade a do not publish under your name. Im not a signal service but I do my best to make you some money. Check my previous ideas. Wish you good luck.
Indicator show on HT Oversold area. SELL USD/TRY and possible rebuy area 10-11. *Please share your opinion on it, write in the comments. Dont forget some cheers bravo. " Teşekkürler.
Although it is perceived as felony; it will likely be like that and hit another record