TRY
USDTRY Bullish Forecast
Turkish Lira has finally broken above 5.8 resistance level.
Now we can expect further bullish continuation to higher structure levels
5.85
5.90
EURTRY 6 DEC 2019 SHORTHello everyone i see bearish trend on EURTRY
Happy trading to all!
tp 6.37430
Symmetric Triangle + Cup&Handle Formation - Graph is tighteningSymmetric Triangle - with forming a higher low as cup's base.
Cup&Handle Formation - if it closes the handle, target is 7.50.
I think it will break up finally.
Bullish.
Gold - Daily Forecast Hello traders, welcome back.
This is my new channel and I hope to enjoy.
Lets Go straight to the chart,
I am a trader who create 2 scenarios to adapt to the price action. First case, if the gold/usd break the first trend line we will wait to break the big triangle (on the second trend line as well). If this happens we will put our take profit on the horizontal resistances that I have marked and more. Second scenario, if the 'Double Bottom" formation doesn't work and the daily strong support break, the we will SELL the commodity to the downside target.
Please if you agree with my idea like and follow I will follow you back.
Thank You.
TRYJPY long term top formation Still not very clear but looks like we got a possible long term top formation here. Broke the support, few failed retests as well. If it’a real, we should see rejection and drop happen at any moment. So in other words, even though there is room to that blue zone, it should actually not even come close any more and simply drop from this very moment.
GBPTRY: Short opportunity within a Descending Triangle.The pair is comming off a rejection on the Lower High trend line of the 1M Descending Triangle (RSI = 60.943, MACD = 0.510, Highs/Lows = 0.000). Based on the previous Lower High made and the RSI it traded, we are expecting a stronger decline towards the previous low. Our sell Target Zone is 6.87000 - 7.00000.
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USD/TRY Potential Short Position U.S even with ''great'' fundamentals have its economy still being hurt by economic data with GDP, CPI and Interest Rates being slowed down.
Regarding the Technical with the diagonal downside trend line it is an easy trade to just put your stop loss above where the trend line was last touched and take profit towards the next support.
Thank me later
USDTRY - LONG (Gradual)Our risk / reward ratio is 0.28 in the first field and 0.09 in the second field.
There was a close above 5.84.
Long positions can be tried in small lots.
However, losses can be a bit high since the bar cannot be sure without closing, so stoploss should be placed directly at 5.81 or 5.84.
Our sales level for the first area is 6.095.
If the first area breaks down, our sales level is 6.56.
USDTRY: Channel Up on 1D. Buy opportunity.The pair is trading within a Channel Up on 1D (RSI = 62.022, MACD = 0.054, Highs/Lows = 0.0493) since the August bottom. It is currently in the process of pulling back for a Higher Low and that will be our opportunity to buy. TP = 6.1000. Notice how when the RSI turns sideways it denotes a Channel pattern, both on the downtrend and uptrend.
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USD/TRY aiming at 6.00? More weakness ahead for wounded liraOnce again, the lira is poised for weakness.
- The USD/TRY pair triggered an inverse H&S pattern, projecting a profit target at the 6.20 mark, with an intermediary target at 6.00 (round-number + horizontal resistance zone).
- The pair completed a pullback to the broken neckline, validating the inverse H&S pattern.
- A shorter-term horizontal support level lies around the 6.89 level
- The US is likely going to impose new sanctions on Turkey, following the Turkey - Syria conflict (lira negative).
- Wars are expensive, and Turkey's external debt is already near record-highs (lira negative).
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USDTRY - Swords are drawn.
I drew the main channel on KST. Must watch carefully.
The upward reaction would be much more severe, but the downward reaction should be evaluated.
If I see anything about it, I'm gonna give url to the new idea under this area.
USD/TRY - Possible Breakout From A Descending Triangle*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The price seems to have broken the descending triangle pattern, but I suggest to wait a possible retracement (maybe even in 1H TF) just to exclude the possibility of a false breakout.
On The Chart I tracked 3 possibility level of Take Profit.
EUR/TRY - Bullish Setup in a yearly symmetrical triangleFX:EURTRY
*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The price did a false breakout just yesterday and then re-entered in the symmetrical pattern (11 months old) with a long 4H candlestick.
In my opinion the plan is to wait a retracement on the lower base of the triangle and wait for an engulfing or pin bar pattern, just to have a confirmation of the bullish pressure.
USDTRY Descending Triangle is hereDescending triangle, one of the sell signal technical patterns is visible on D chart. Still, MA200 is a reliable support area.
RSI is below 50 levels.
My play is sell, with S/L at 5.70 and T/P at 5.43
