U.S. Dollar / Turkish Lira USDTRY

USDTRY Trading Bias: Neutral Technical Strategy: Break of trend line OR rounding bottom *If price breaks the resistance line we will reach our long targets. If we break below the green support channel we will reach our short targets*

Actually, 5.30 is a physicologic level, and it is not any techical meaning. Major support is at near 5.2930 level. Now there is a high momentum do downside, and there is a high possibility to break it strongly. You can see that the range is completely same, as 5.40-5.55 channel. Now there is no support under 5.2930, and if it is broken, we will see a sudden slide ...

Fibo SR MACD

Hey tradomaniacs, welcome to another signal! Important: Wait for the breakout and sell after retracement! Type: Swingtrade Sell-Limit: 5,30305 Stop-Loss: 5,36921 Target 1: 5,2 Target 2: 5,16089 Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)

(BGM: Yesterday once more) This pair is a very good vehicle for carry trade, but in terms of carry trade, of course we still need stop loss and appropriate profit taking. "Every trade should have an entry and an out" If carry trade works, we can earn interest at the same time; if it fails, the interests could recover some of the risk. That's totally different ...

I take you through a few trades that I had taken and the results of both of them. I also have some exciting news to share with you all. My trading mentor has chosen me to be one of his lucky 4 new apprentices. So I'll be making content every week for him to be added to his website www.tradercobb.com - check it out. Anyway, I hope you all enjoyed this video. Peace.

FX:USDTRY / Support Channel & ABCD Don't forget to use %2 Risk Management DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.

USDZAR is approaching our first resistance at 6.8630 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 6.6179 (horizontal swing low support, 100% Fibonacci extension). Stochastic (21,5,3) is also approaching resistance and we might see ...

USDTRY / TECHNICAL CHART

USDZAR is approaching our first resistance at 6.8550 (horizontal overlap resistance, 23.6% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 6.7253 (horizontal pullback support, 100%, 61.8% fibonacci extension, 23.6% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a ...

H4: - Structure: Downtrend - Test resistance and given bearish candle => Sell

USDTRY

In questa analisi puramente tecnica possiamo vedere due possibili ingressi long nelle aree segnalate. Per il momento se devesse venir rotto al ribasso il livello 5,3 c'è una possibilità di short puntanto ai 5, raggiunti i 5 si potrebbe pensare di entrare long in hedging ed aspettare il prossimo movimento.

Hey Tradomaniacs, quick another chart with possible targets for the current bears since we`ve seen the BREAKOUT out of the triangle! :-) It looks like we could easily head to 5,0 - 4,8 in order to finish the corrective - phase. I really hope thzat you guys from turkey will not suffer from that hardcore inflation anymore and see a stable lira very soon! :-) I ...

Ok let me also share you what I am hoping will happen by the last week of December. This is, as titles suggested, is only a fantasy. It was drawn a while ago and so far it works. But although I am a strong believer of Elliot, I never take it too seriously:) I am not a swing trader, I only use it as a rough direction map, and to boast if my prediction comes true ...

On the left we can see a big bull flag and the wedge i have drawn as well, both of them failed. Now we have a smaller bullish wedge in the making, could also fail but the RR is way to good to ignore this one. I am trying half here at the low and the second half when it break the wedge.

buy

Retested the triangle after a successful breakout. I'didn't shorted right after the retest because of some other possible triangle which might be developing. Now it seems ok to engage. My take profit zone is the pivot below the triangle and the triangle's target under the zone.