SuleymanCem

SuleymanCem

USDTRY finally take attraction of bears. correction go down to the same price difference between : 8,57 - 7,50 = 1,07 8,05 - 1,07 = 6,98 this price is very accurrate because bulls always wants to buy under the support. so i expect a pinbar under 7 and price continue it's longtime bullish trend bullish first checkpoint is 0,618 fib retracement : 6,98 -> 7,38

SuleymanCem Updated 

Daily ATR and volume says it is time to sell now. also my expert advisor open sell order TP1 : high volume zone TP2 : wolfe wave's first target TP3 : wolfe Waves second target

SuleymanCem

if wolfe zone works and price reject to upward, it will reach to TP

SuleymanCem

weekly 50ma reacted perfectly 1200 resistence tested 4 times.it will brooke soon powerfully . the fundamental ; lira inflation cause a chaos and uncertainity . traders will not choose low interest or extremely oversold lira to sell. the money inside the country will move to the stock market

SuleymanCem

Cup handle target completed. US sanctions already in the price now. fast price approach will take a powerful pullback because it has 8 weeks of new highs. ready to pull back to 7,50-7,30 area Correlated pair eurtry almost reached 10.00 psychological level

SuleymanCem Updated 

Analysis : First time weekly close above the highest pinbar of 2018 devaluation Correlated pairs (gbptry,eurtry) already closed above weekly top Fundamentals : Coronavirus :Jobless claims and inflation rates getting higher during pandemia. low tourism income Negative real interest in TR TR Central Bank can not limited usdtry @ 6,86 and showed...

SuleymanCem

FIRST : Botch currencies are very weak. IDEA : if purple dots break, harmonic pattern will begin. it will start a downtrend to 0,618 pullback. head & shoulder will support it

SuleymanCem

Bullish pennant will be broken until 31 December. Market will decide the way. Lira had spent enough time to heal the manipulation of August 2018. Now the time is up Weekly MA(50) is a strong support to broke. Lira never broke 50 MA powerfully to stay below it for long time Buyers seem more powerful. Please check HL1 and HL2 . They can't wait to buy for a lower...