Huge sell off on the EUR this past week, I was looking at this as a chance to long back up to resistance as it is oversold but looking at the bigger picture I think it is best to hold off at the moment. The situation is very bearish and there will certainly be swing trading opportunities here but the trend is going down and longing anything here seems like a big...
Trying to assess risk aversion by plotting SPX - EM currencies (TRY MXN RUB) & DXY
Pair: USD TRY Time Frame: 4H Target: 7.50 Stop: 7.23475
USDTRY USD TURKISH LIRA - BULLISH DIVERGENCE ON Daily Chart
yo guys here we are again! as you can see in the chart we have flag pattern and near supply zone and wave 3 of eliott! the 3 eliott wave will go down for 1 percent of fibo eXT, so we expect the price go near 7.0000 and next reverse for the wave 4!
It is pretty debatable but lira may hit an ATH or at least lira had a local top. The fundamentals are bleak or against the lira but US dollar's depreciation has a limited impact on the trend. Moreover, Wyckoff's schematics, in particular distribution, supports the idea. 7.15 will be a quite important support. 6.07 and 5.12 will then be important levels to follow.
This has formed a support level at the current price area. This is a good entry point with SL just below the lowest low, TP is at -0.272 Fibonacci which would be a new all time high.
Sell under red triangle Buy above blue triangle And will get the target we marked Good luck
USDTRY had touched the support level and formed a falling wedge pattern. If it breaks through the resistance line, it will target previous high. Best regards EXCAVO
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (7.298). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance....
Hi everyone! I think USD/TRY pair is ready to small growth. The arrangement of the next amounts is about 0.5 according to Fibonacci from the previous falling. Therefore I expect growth at least to level 7.7690. Thus the price will go to check of resistance. Bought on 7.5707 TP = 7.7690 SL = 7.5036 (below the last minimum). Information provided is only...
daha onceki yillarda yapmis oldugu duzeltmeler gozounde bulundurulmustur.