#USDTRYProtections and specified resistances;
In the event of failure of each of the yellow areas, a pink range can be advanced;
Time limit is specified;
The price is within the channel and the pattern;
TRY
USDTRY LONGTHIS USDTRY SETUP IS AN OVERLAPPING TREND LINE AND 200 EMA TRADE. SINCE TRY ,HAS A INCREASED VOLATILITY ESPECIALLY WHEN POLITICAL UNCERTAINTY RISES , IS AN ADVANCE CURRENCY TO PLAY WITH. SO, I AM GOING HERE WITH ZONE ESPECIALLY FOR THE ENTRY AND THE STOP. YOU CAN PICK YOUR EXACT ENTRY REGARDING TO YOUR RISK LEVEL. I AM A HUGE BELIEVER THAT THIS PAIR CAN GO ONLY UP IN THE LONG TERM IT IS HARD TO BENEFIT FROM THE SHORT TERM MOVEMENTS. THIS IS MY GAME PLAN FOR A SHORT TERM USD WEAKNESS.
1ST ENTRY- 5.5905 (TREND LINE SUPPORT&200 EMA) 1/2 POSITION
2ND ENTRY- 5.5505 (ROUND NUMBER LEVEL) 1/2 POSITION
STOP - 5.4995 ( BEFORE BIG 5.50 ROUND NUMBER )
PT: 5.7645 (PREVIOUS SUPPORT AREA)
PT: 5.6995 (PREVIOUS SUPPORT AREA)
M MANAGEMENT:
IF ONLY 1ST ENTRY FILLED ,I WON`T TOUCH UNTIL PT(5.7645)
IF BOTH ENTRY'S FILLED SCALE DOWN JUST BEFORE 5.70 LEVEL
USDTRY Possible Bearish PennantPossible bearish pennant formation on this pair. Note possible trend line confluence as well as 61.8% fib level target. Initial bearish outbreak gave us approximately 200 pips. Breakout to target would mirror another 200'is pips. I do believe long term we will see higher prices, but for short term we have to take what the market gives us. This trade idea is for demonstration and educational purposes. Trade at your own risk. THIS IS NOT A SIGNAL
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THE WOREST SCENIRIO OF USDTRY Turkish Lira USDTRY may fall down again and it is good to get the next summer vacation in Istanbul !!
USD/TRY analysis 03.06.2019USD/TRY harmonic bullish gartley pattern and bullish divergence on RSI + oversold.
EUR-TRY ready for 7.5€ , 7.95€ and last 9€ range in june 2019look my last TA about this currency.
it will have a hard time.
Turkish Lira heading for retest of the support Well, chart says it all:
1. No financial advise
2. Couple weeks ago 50 MA crossed 200 MA (Golden Cross)
3. High 6.22 have been taken out by SFP (local top)
4. PA heading down to retest of major "resistance flipped into support" level of 5.75
5. RSI Hidden Bullish Divergence is building (important)
I don't care about news, politics, manipulations. Only price action. Market discounts everything.
USDTRY Rounded Bottom Bullish BiasSome thoughts on Turkish Lira:
- Year long accumulation is over
- Volume is picking up
- Weekly bullish order block/demand zone retested
- Forget hitting Targets, I think we are in the game for price discovery
- Clean downward break thru demand zone and close below may invalidate current PA
Of course not financial advise. DYO Home work.
USDTRY Target reached and much more even :)A textbook trade the previous analysis on usdtry. Showing how easy trading can be sometimes if we are willing to wait for a good setup.
As we can see on the left, it respects that big bull flag that i drew a week ago. So we could be closing in on a temp low on the lower time frame. My game plan now is, waiting for a potential inverse H&S with the low in that green support. So waiting for things to play out first and then making an attempt if things look good.
Previous analysis:
USD/TRY analysis 31.05.2019USD/TRY harmonic bullish gartley pattern. Targets are shown on the chart. (short term idea)
World Cup of Leaders - Road to Disaster or FreedomThere are similarities with Venezuela.
It's look like Trump and Israel doesn't wan't to loose power in middle east.
They are some good projects like:
*new silk road to istanbul
*drilling for oil and gas near Cyprus in the near future
Battle cards tell you truth.
Turkey+Russia+China+Iran have now more power and control in middle east.
Trump + Israel have more finance and weapons.
2019/2020 will tell us what will happen next.
It's Endgame and there is no more time left to try again.
2020-2025 are critical years for world freedom.
Gold, Silver, Crypto will skyrocket this year.
USDTRY potential H&SUptrend on the right broke and the one on the left as well. It is around the breakout zone now which can be a resistance level and there is a chance to see an H&S getting completed here. Since the right shoulder got high, it needs to drop fast to become reliable. So i good risk reward here which i am going to give a try with a small size here and will make it normal when the neckline breaks.
Previous analysis:
USD/TRY analysis 21.05.2019USD/TRY symmetrical triangle. IF can't hold the 5.98-6.04 area, we'll go back to 5.82-5.85 area.
USDTRY: Bullish on symmetrical Targets.The pair is on a strong uptrend on 1D (RSI = 58.592, MACD = 0.072, Highs/Lows = 0.0000) forming the right side of the 1W cup formation. It appears that the uptrend targets the Lower Highs of the previous downtrend in the form of Resistance Levels. Based on this we are long with 6.38740 our next TP and 6.64497 the extension.
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Turkish Lira fall and Bitcoin surge correlationJust dropping a though about the recent correlation between the fall of TRY and surge in Bitcoin, that came simultaneously (within days).
This can be explained by capital flowing through the black market, having bitcoin as a medium.
Investors wanting to flee, converting the turkish to bitcoin then converting the bitcoin to another currency.
It looks like bitcoin is now expensive for this traffic, and thinking that this outflowing capital may turn to other crypto's, such as ripple and etheruem.
It will be interesting to look for other crypto's that allow such traffic and buy them, and also join the down rally of the lira at a convenient point.
USD/TRY 3-4 weeks to go for action!After election weekly candles going in sync. If this is continue, we will see action in 3-4 weeks.
Turkish Lira will face another short fallAfter a continues growth of dollar against Turkish Lira in last few days , now we can see a down fall towards 5.87
Sell at 6.02 - 6.03
Take Profit at: 5.8724
Do your trading with proper fund management
