Usdtry, now the price can stable under support line so now can get down direction ——- Tendency: downward Entry: under 8.4300 Tp.: 8.3300 & 8.3000 Sl.: 8.4650
The EUR/TRY breaks below our trendline. We now see a bigger correction on the loom. Wave 5 in orange should now be completed and the next move belongs to the bears. We now expect declines down to the 9.74 TRY area. What's your take?
I think the price does not go higher, because can make stability under the channel so i think will drop, ——— Downward Entry: under 14880 Tp.: 14745 & 14590 & 14485 Sl.: 15030
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.6470). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.6470). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
The Turkish Lira gained a little bit against the Euro but not really significantly. However, we have identified a channel and we expect the Euro to push for another strong run towards 11₺. From this level, we might see a correction. Keep your eyes open!
Usdtry can break the channel to down, so it means will get the downward direction i think till targets 8.59 and 8.49 , but it is not mean general direction for long time, it is just some retest still stabilizing the price above 8.78 or stable under 8.46, to appear general direction. ———- Tendency: downward Entry: under 8.700 Tp.: 8.590 & 8.490 Sl.: stable into...
USDTRY the price faild to stable under 8.46 and now will get the 8.61 —— Tendency: upward Entry: above 8.46 Tp.: 8.61 Sl.: stable under 8.46
#USDTRY has a strong power to up, each time it tries to get the highest price so in the previous idea we said will get 8.580 then will be down now you can see we get it the same thing. above 8.4610 Will get 8.6100 and a Blue circle 🔵 under red Slope, the line will get 8.23 and red circle 🔴 -------- Tendency: Upward Entry: above 8.4610 TP.: 8.6100 and...
There has been only one direction for the Euro against the Lira, namely up! We expect this movement to continue further until the Euro gains a value of 10.864939₺ and potentially even over 11₺. What shall we look at next?
It broke 7.26 in 92 days and increased by 18%. Until 8.57, it was the same price again after 203 days. If it breaks this place as well, it is not surprising to see double digits.
We caught a great trade from March going long (Profit/Loss Box Remains) I just don't see the economic situation getting better anytime soon for Turkey. I am actually living in Turkey currently, it's a lovely country with wonderful people, food and and and.... I see the break north, on a technical level the "Rising Wedge" pattern illustrated. Keep on...
Chart looks clean and easy. Make your own decision
In the previous idea we said stabilizing above red slope line will get upward. So now the price made a full stability above red slope line, if can’t break it will get the blue circle, But break this line will be a strong downward, ———- Tendency: upward Entry: above 8.46 TP.: 8.56 & 8.75 SL.: stablize unde 8.40