Potential top of Turkish Lira Based on recent information, the chart shows a potential top of the loss of Turkish Lira value against the US Dollar.
The chart on Daily timeframe is a classic WallStreetCheatSheetPsychologyofaMarketCycle
About U.S. Dollar / Turkish Lira
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.
USD/TRY: Long...The Bank of Turkey will have its policy meeting on November 23, 2023. Whatever the outcome, I expect it to be good for the USD. Therefore, I am long now and will hold this pair through the meeting and beyond.
USD/TRY Short idea Well,
Keeping it simple as always (or I try at least)
Here's another one of my ideas. Long on the Turkish lira (another crazy idea of mine)
First Target 18$
Second Target 13$
I just want to be as transparent as possible with you guys. Right or wrong this is another investment of mine.
I see
The 10 years analysis for #USDTRY #TürkiyeBased on Gann analytical techniques, if #USDTRY concluded the month of November above the 28. This is indicative of a prospective upward movement, with anticipated milestones at 34 by March 2024, followed by 44, and a final target of 56. The projected timeline for achieving these targets spans from
USDTRY , double in 1 year ?!Hi all,
This is a parabolic curve from 2008 until now,
Its working so nice and you see it. If this path continue then we can see more than 40 in next OCT (2024)
Too bad for a country , i hope government find a way for this inflation else …
(This is my idea and please trade on your own risk)
Reg
Stable TL For the Next Few Years? A quick update on the future of the Turkish Lira (TL):
Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will beco
still going upDO NOT FORGET USING A STOP LOSS
Warning:
This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
I hope you are always profitable
USDTRY This red candle referred to by the arrow is a candle whose body is very small and does not have any volume. This means that it is a test candle for sellers and it succeeded. There are no sellers in this area. This means that the market maker will raise prices in the next two candles and start rising
USDTRY: 6.8 | SHORT 5k Pips | LONG 38k Pipsbuilding a SHORT position for the SHAKEDOWN
and BASE BUILDING towards 10.0 levels
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#LongShort
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Fundamentals:
it takes 20years to settle debt or unfinished obligations by a company country and aliens...
til then.. its currency be it fiat land or spirit is devalued as form of compensation
in
What's next for the Turkish Lira?This is just an experimental analysis.
NFA
Target 1 : 14,0 - 15,0
Target 2 : 19,0 - 20,0
Targer 3: 24
See all ideas
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