While our goverment officals sleeping and doing nothing the price action started a cup and handle rally.. Here we have something. It is approaching to the target levels.. Can our officers do anything.. ? In past years we all decided they are happy about this thing.. This can be sideway but it didnt.. When past 4 price we got sure that this is a cup and handle...
After reaching a new many-year high against the Turkish Lira three weeks ago, the US Dollar began depreciating in a short-term channel down. This pattern was breached in this session due to the bullish pressure of the most senior pattern near 4.04. It is likely that the pair still tries to push higher in this session towards the monthly R1 or the aforementioned...
Short opportunity from resistance with price retracing to the level of the left shoulder. Monthly chart shows a retrace of last month's Pin Bar.
EUR/TRY was dominated by bearish momentum following a test of the senior channel near 5.17 on April 11. This movement was constrained in a downward-sloping channel. The pair managed to reduce the trading range within this pattern and breach the combined resistance of the 55–, 100– and 200-hour SMAs and the above channel. This session marked a strong surge for...
Nice carry i hope you are in I will be looking for reentry
TRY/JPY has been appreciating in a two-week ascending channel which started when the rate reversed from the senior channel near 25.50. This bullish sentiment resulted in a breakout of the medium-term channel and the 23.60% Fibonacci retracement at 26.60 during the previous session. However, it is likewise apparent that this two-week strong bullish momentum has...
If Draghi will be successful at talking down EUR this could be a nice pair to trade HIGH CARRY I'm in at 5.02 with sl at 5.04
The common European currency has been appreciating against the Turkish Lira since early March. During this time, the pair has moved higher in between the boundaries of a long-term channel. This appreciation allowed the pair to test this senior pattern at 5.18 on April 11. It subsequently edged lower and formed two new junior patterns. The Euro is currently...
DB-Double bottom B1-Bottom1 B2-Bottom2 ST-Symmetrical Triangle
The bullish sentiment has been guiding USD/TRY since mid-February—a move which is confined by an ascending channel. This upward momentum intensified early in April when the US Dollar reversed from the bottom boundary of this pattern. Meanwhile, the pair reached its highest position in several years near the 4.20 mark on Wednesday. As apparent on the chart, it...
These days i see charts that goes upside with cup and handle. This can be sideway consolidation. With coming next week a strong selloff and good news. Yes this can be.. I am not sure about anything. Two possibilitys can be. Good Luck.
When jedi comes trend will change via diamond bottom. And Rally
The Turkish Lira keeps sliding lower against the Japanese Yen. The pair has lost around 11.25% since its peak at 30.30 on January 5. A dominant pattern that is guiding the pair from this time is a descending channel. In terms of this week, the pair has been trading sideways with a slight tendency north. This movement began when the Lira reversed from the...
USD/TRY has been trading in channel down for the last three months. The upper boundary of this pattern was tested on January 9. The pair has since slid lower in a newly-formed junior channel. If nothing extraordinary affects the rate, it is expected to remain within the boundaries of the junior channel until the upward-sloping trend-line located circa 3.75 is...