U.S. Dollar / Turkish Lira USDTRY

...

stop loss and target on chart

-

Idea right here! -> https://www.tradingview.com/chart/USDTRY/pSjpWvIw-Good-chance-to-ride-waves-of-retracement-HUGE-momentum-abuse/

There seems to be occurring an inverted cup and handle formation. Watch for break and close below 6.20.

Everything that goes parabolic, has a long way back down

x

USDTRY formed an new and higly volatile strong up channel! Recent surge was bounced back from 38.20 % fibbonacci level. Long from there with a risk reward ratio 25! The stop loss is just below 1%. Short at old highs until seeing a reversal signal probably from 20 EMA and around 50% fibonacci level. This can happen soon in August next week or so.

Read the notes carefully

Out of long at close of that first red bar on 4 H. But not bearish $USDTRY

This is not investment advice

This parabolic advance https://www.tradingview.com/chart/USDTRY/uOA6okQ7-USDTRY-Parabolic-advance-6-10-by-end-of-year/ came to an end, if it has not it means USDTRY MUST get to 10.000 in half the time it got to 6.10 from 4.000. I think that is improbable but not impossible. This is a retrace play (all the smart money in my view is either now out, or waiting for a ...

l

Midterm forecast: 5.0000 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 5.0000 is broken. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (5.9300 to 5.6450). if so, traders can set orders based on Price Action and expect to ...

Hey tradomancias, I bet no one out here did not see that huge sell-off on friday. Congrats to all of you who participated or is swinging this asset. We just see a huge momentum without any resistance in the way but some profit-safes that day shown by the doji of the last D1-Candle. What will happen? We don`t know, but I guess we can assume that nobody is ...

Still waiting for a good chance to SHORT this oversold asset! =) Patients is the key my friends!

to fall below 6.40 in order to continue falling. After one target : 6.00

Strong momentum in the recent days. Price stalled at previous an previos low point. Buyers seem to come back. As Turkey crisis is not over yet, suppose an upward move to 6.80 as plausible.