Nothing change.
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
USD / TRY is already triple (D1-H4-H1) overbought. If the the first D1 candle close above the north BB, the course probably turn to the middle band. Target price is 7.30000. Technical resistance: 8.50000 (magic number) The currency pair can turn earlier, if the TCMB make a verbal or non-verbal intervention. Be prepared!
TRY reached the target which I have posted a month ago. In my opinion price will stabilize at 8.30 before Christmas holidays. Next target T3 trendline as a major resistance
In this video I am looking at various aspects of trading the Lira, namely its technical underpinnings and using a relative strength assessment to check its possible trend momentum. I look at the Turkey MSCI ishares ETF for correlation and volume as a proxy for what may happen to Lira pairs. Enjoy! Francesco
Price broke up from major liquidity base and is in unchartered waters. In such case I would watch round numbers levels. I would expect a reaction at 8000. Watch what price does at that level. Right now we hit October H3 reversal level. There is a chance of reversal here.
Just for shits and giggles. Be careful out there. Never trade with leverage, always seek professional advice - or better be your own trading/financial advisor.
Tam burada 200bps faiz artırdık Etkisi ne olacak? Esas sorumuz bu. Düzeltme tetiklenirse aşağıda destek olarak 7.26 Tepe aşılırsa yukarıda 8.25 bizi bekliyor. Right here we raised 200bps interest rate Our main question is what will be the effect? 7.26 as support below if correction triggered If USDTRY hit and pass the higher-high 8.25 above awaits us.
As a summary my mid-long term projection is: BTCUSD: Bearish DXY: Bullish BTC.D: Bullish Altcoins: Bearish Contrary to most, i still do not think that money supply will push BTC and crypto prices higher. US dollar is still powerful and till inflation starts to increase and DXY completes its movement, all pairs against USD have to be in correction. At...
USD TRY shouldn't close today above 7.1 for a lot of technical reasons I cannot possibly mention here. Let me just say that there should be a ton of resistance there. Right now it is surprisingly holding very close to the top. If it doesn't close and spends a few days in this area the possibility's become increasingly bullish. In the event that it closes above...
🔸 Ceilings and profit taking I am starting to unwind partials in the USDTRY longs with all of these moves so full of energy in the current chapter it wont be long until the retailers and bloomberg crowd are on board. There is lots of thunder and lightening across the global economy, Turkey will catch more than the sniffles but it is prudent we stick to the plan...
Hi traders is time for turkey to sink ? lets watch drive safe
📌 The capitulation After PA in December 2018 showed us the basing formation it has been all 'one way trafffic' This may lead you to wonder why it is so important to understand the fundamentals and definition of current capital flows, because it is then possible to build one's whole swing around a macro fundamentally sound trade idea, that underpins the...
Buyers have made the transition towards capitulation. This leaves Turkey with a huge problem, and the process of the cleanse in local banks will continue. CBRT will defend with its 'customary inventiveness' very soon as they keep a stern eye on 7.8xx. It is an unfortunate position that Turkey are in. We have exploited it for some time and as soon as the...
topped out, great potential for usd retracement profit taking shorter/mid time frames 7 - 7.3