TRY
USDTRY 4H (have strong stress to get 8.38 and 8.50)1-Above 7.950 will get 8.388 then 8.530
2-stabilize under 7.900 will get 7.741 ..
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But first option upward have more probability because make it stable above 7.95 and 8.130 this price is recommended to get 8.30 then 8.50 ,,,
But another side downward should be break the 7.74 to take strong sell
USDTRY - Long IdeaI posted this long Idea based off this green trendline shown, back in February.
Price reacted to that level, but more importantly are the Macro events in Turkey at the moment.
I see the trade long. I have highlighted a 2:1RR with 1% Risk.
This is a 12 hour chart...I am stepping back in timeframes to wash away some of the silliness in the market, it's helping.
EUR/TRY: Shake It Up, Şekerim! 💃💃💃It’s 2007, you are sitting at home watching the Eurovision Song Contest and this dude from Turkey, Kenan Doğulu, completely rocks the show with his song “Shake It Up, Şekerim (my sugar)”! Fast forward 14 years, a lot of shaking is happening in the Turkish Lira against which the Euro gained massively recently. As it stands right now, we expect the Euro to hit prices of 10₺ and above. Only condition for this scenario to realize is that we do not fall below 8.3344₺. However, with the current surge, we are more than well-positioned to attack the 10₺ mark.
Happy trading!