=> For those who believe in the bearish Turkey story, yet again we are at significant value areas for USDTRY longs. The 5th wave we mentioned in our previous idea can be seen clearly here and shows how the floodgates for 7.80 are wide open. => From a technical perspective the 5th wave target, the first major target is 6.78 (assuming wave 5 is a 1.00 ratio in...
We can see a triangle forming with our trendline and support level, we are going to see our trendline broke and price fly high.
USDTRY, H4: - Downtrend - Below resistance => Waiting break trendline=> Sell
SHORT OPPORTUNITY FOR USDTRY ON DAILY TIMEFRAME. TP 1: 5.19 TP 2 5.08
Price is following a triangle pattern, getting squeezed. Pending breakout waiting on the next move..
Looking more and more like a USDTRY Cup and Handle formation. Coffee is brewing. Boundary looks like to be around 5.31's and target would be around 5.40 or so where fib 50 level is around. That area could be decisive for what could come next. First stop at 5.22 and ultimately, depending on your risk appetite, of course 5.13/5.14 and 5.00 final.
mavi bolge de kalbe donup yeniden yukari atak yapmasini bekliyorum
HERE we can see an M formation has almost done , so we can put sell limit order at the graph written details , enjoy trading guysss .... :)
Today’s analysis for the USD/TRY starts from a look at the daily chart to get an idea of what the medium-term outlook is like. From the daily chart shown below, a key price level which is now acting as a medium-term resistance is identified. This is the site at which price found support three times in December 2018 (1, 2 and 3), as well as once in January 2019...
USDTRY a Potential Cypher pattern Time will tell of the opportunity we see, patience is key. Hopefully, you found this helpful! If so please like or comment, your feedback is appreciated!
As shown USDTRY is correcting & could touch 38-50% FIBO levels of the last motive wave.
USDTRY has two potential movements from this point as illustrated.
AS we can see on the 15m chart price been ranging in the green zone. I see a possibility of price going upwards. I see marketmakers create a stophunt do enduce sellers and then continue upwards. Also we have to look at the news base there is coming the forward looks positive so i think this will help to push price up.
let's go on short. 5.03 is the first target buyt i''ll get profit in 5.07 just in case. Then, we'll continue to 4.93
The previous analysis has played very good. So here is the continuation.