Just executed. Let's see. Risking low for big reward.
Nice trick by goverment. They want to put pressure on companies by making them sell their dollars. But this will only postpone the collapse of Lira. Target is 18+ for USD/TRY pair. This will be 3th wave (elliott). Current correction can not go down more than here 15.80 My target is 21-22 for USD/TRY pair. Fundamentally flawed economy will not persevere.
R/R: 3 0.786 fib level correction ended. More down continues. Target: 19k Stop loss can be put to 23K for more safe trade. DM for donations if you want to share profit. Good luck. Note: I got stopped out many times so I am unable to take this trade. Market is super hard IMO.
Everything provided on the chart. Stop loss can be wide.
TP at weekly open (29500) Imbalance filled (touched again) short position here makes sense. This trade is very risky since RSI is not overbought.
Closed the day above range EQ. Seems like it will go test 32k.
From my perspective it can go like this and consolidate here. Let's press play after awhile and see how it plays out. Three trades.
If reachs to trade entry will see where will price goes after.
If it can not go up, it will go down :) short it IMO
Reversal from here. Short term bullish. This is previous demand zone so it will hold this level and go up to test 34k imbalance.
C wave of correction, target 36500. Can extend to 34K. If you want to donate pm me. good luck.
This is my current trade setup. 0.5 retracement is needed to take liquidity at bottom before moving up. Stop loss level can set at 46K too. If you like my work consider donate, good luck.
Will retrace to 0.618 at daily TF and then it will start 3rd impulse wave which will reach 120+. Fundementals are strong on this project.
R/R: 3 Hit resistance, will go down. Expect 0.618 retracement. TP is at 0.5 fib level here according to impulse wave. Use stop loss and maintain risk.