Hey tradomaniacs,
welcome to another free signal!
Important: After the consolidation and the Breakout we still trade against the trend!
Make sure to trade with less risk as possible and don`t get greedy! ;-)
The sell-off or Breakout is caused by the FEDs statement saying they won`t increase
the interest-rate this year...
Hey guys Usd try is going last correction wave and another impulsive wave is coming soon. Its hard to say not worst days behind us.Better worst thays coming soon fib levels and elliot vawe modeling is so clear
I expect one wave up and going down 5.05 4.80 area than 1.st impulse wave coming for Go UP !
if you dont understand anything or you have question please...
USDTRY formed a combination of harmonic patterns
resistance structure tested multiple times and didn't break thru
5.4760 will be a good area to short
SL : 5.49050
TP : Follow arrow
In my previous analysis i showed a possible flag pattern could be formed against the resistance of the double bottom neckline. So far that is exactly what happend. On the right we can see the shape of a triangle. All triangles can breakout both ways, but since this one is an ascending which is being formed against a resistance zone , it is more likely to see it...
In case of breaking the upper band of pennant formation 5.4700 resistance in the USDTRY parity stream, our target levels will be 5.54 first and 5.65 after.
Below is our critical support point 5.4420. Under this support, sales can be accelerated and our target level will be 5.38.
=> For those who believe in the bearish Turkey story, yet again we are at significant value areas for USDTRY longs. The 5th wave we mentioned in our previous idea can be seen clearly here and shows how the floodgates for 7.80 are wide open.
=> From a technical perspective the 5th wave target, the first major target is 6.78 (assuming wave 5 is a 1.00 ratio in...
THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
I suppose we are in a correction move from August, 2018. Correction wave I expect to be a WXY (pink).
W leg is an ABC (cyan)
We are now in X leg which I expect to see a WXY (green), as seen on the chart range for pink X is very large. Frankly speaking this is a complex wave and a long...
USDTRY Weekly Long Prediction
TP1: 6.63354
TP2: 6.83549
TP3: 7.06000
This is not investment advice
Obviously I do not use sl , adjust according to your own account
USDTRY shows signs of a bearish run contrary to fundamental risk factors.
We'll try to capture the move from 5.44 to 5.40 and 5.37 respectively
Waiting for your comments about the chart and likes as well.
Good luck.
In my previous analysis i showed a potential double bottom on the daily chart which has been playing out so far. The ideal entry, when the triangle would break on the low side, didn't happen. It simply broke upwards and continued the rally since. However, this rally has been very slow so far. It's not always bad, but at this point it needs to accelerate a big...
The US Dollar vs. the new Turkish Lira. A new version of the Turkish Lira was established in 2005 after the value of the old Lira fell to drastically low levels. The Turkish economy relies on the foreign cash looking for short term profits making the Lira subject to severe depreciation. Political conditions and EU economic issues have delayed Turkey's effort to join the Euro-Zone.
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