USD/TRY has been forming a nice clean ascending triangle; Buy: $5.461 t1: $5.38 Since 3/4 of pattern is done forming + expect a major breakout to the upside OR downside; wait for confirmations; for now play inside the pattern, will keep this post updated; This is a personal trade that I take; I'm not here to f** around or lose anyone including myself money,...
As you can see from my analysis, this pair has been making higher lows and found a new support level. Although the harmonic is accurate or completed, it can potentially stop at the price level from there. I use a 1:5 risk reward ratio. You don't have to wait to hit take profit, just close when you want to. If I made you money, follow me !
I don't trade this pair, but I trade EUR/TRY and this is same. XABCD bullish bat pattern forming on the chart, and its oversold, so there's a nice entry for long positions.
XABCD pattern forming bullish bat on the chart, and the RSI shows us its oversold. Maybe the price will drop more to 6.07, then Euro strengthening against Turkish Lira.
From elliot wave analysis, i see that usdtry pair has finished 5 wave structure then started to a-b-c correction. Also at 5,54 price level i see double top formation and during this time, you can see bearish divergences at macd line and histogram so my first expectation from usd/try is to drop around 5,32 price level. Then if inclined support is broken, we can...
We will most likely see a gradual downward movement until 31 March 2019 elections. After that date I expect to see 5.x/6.x/7.x levels in 2019. ''only for educational purposes''
The exchange rate is up 21%. The rise can be built in a double wave structure. We are currently in a flatter stage. Retreating this uplifting stage can cause steeply rising waves. Target price for rising double wave structure is 6.3838 usd level.
We might get confirmation for double top After that a chance to see that harmonic Need to see the confirmation first.
in rising wedge, probably will break out after 5.57? cup handle? to 5.38? ''only for educational purposes''
USDTRY has started to lose momentum towards the downside. We found a base and it looks like we are starting to accumulate. If price breaks to the upside some long profit targets and/or short opportunities are shown in red. Potential long entries are in green, expectation is we at least reach the first major resistance area. PLEASE NOTE: This does not end the...
in rising wedge , probably will break out after 5.57? cup handle? to 5.38? ''only for educational purposes''
in rising wedge, probably will break out after 5.57? cup handle? to 5.38? ''only for educational purposes''
Hello my dear USDTRY traders, hope you're doing well! Important news: Trump threatens Turkey with economic devastation, should Turkey attack the Kurdish-led SDF in Syria. This sounds similar to Trumps threats before the summer rally, when the issue with pastor Brunson was going on. Back then we made 40% to the upside. So, it might be a good time to look at the...
USDTRY 4H Sell and Buy Setup TP1: 5.43768 TP2: 5.37158 TP3: 5,33179 TP4: 5.26569 TP5: 5.25252 (Fib 0.236) This is not investment advice Obviously I do not use sl , adjust according to your own account
I expect USD to go to 8 Turkish Lira towards June then anticipate a break of the partially parabolic rise at the top to then find support at the highlighted regions in the following years. I expect this fall due to the US dollar being reduced of its global reserve status because of the use of decentralized digital bridge assets in trade and thus enabling a more...
USD/TRY potential harmonic bearish butterfly pattern. XU100 down USD up!