USD/TRY The pair was seen trading at the tip of the “Falling Wedge” pattern and was expected to continue going down in the following days. The 2016 failed Turkish coup attempt started the end of the relationship between the United States and Turkey. The coup was led by U.S.-based preacher Fethullah Gulen within the Turkish military. Three (3) years after the...
Such a nice sell 4-8 hours ago. Missed it unfortunately but you can still get in, it is a bit more risky though. You also get paid overnight swap for short positions on most brokers.
1ST ENTRY- 5.5905 STOP - 5.5495 Optional PT: 5.6495 PT:5.7395
After 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
As per our technical analaysis, Turkish Lira will get stronger as compare with Dollar so here is a short trade Short / Sell at: 5.8862 Take Profit: 5.7254 Stop Loss: 5.9842
Interesting to note that despite the nice gains Turkish equities saw in January 2019 (+15.7%) to make up for December 2018 (-6.87%), the asset class has experienced some nasty losses in February (-3.63%) and March (-4.36% so far) - all of which are quickly eroding all YTD gains. Its the only EM market to have suffered such losses so far (rivaling that of South...
Interesting to note that despite the nice gains Turkish equities saw in January 2019 (+15.7%) to make up for December 2018 (-6.87%), the asset class has experienced some nasty losses in February (-3.63%) and March (-4.36% so far) - all of which are quickly eroding all YTD gains. Its the only EM market to have suffered such losses so far (rivaling that of South...
The yellow trendlines show my forecast about USDTRY. I'm expecting a rise in USDTRY prices toward the upper yellow line.
=> For those who believe in the bearish Turkey story, yet again we are at significant value areas for USDTRY longs. The 5th wave we mentioned in our previous idea can be seen clearly here and shows how the floodgates for 7.80 are wide open. => From a technical perspective the 5th wave target, the first major target is 6.78 (assuming wave 5 is a 1.00 ratio in...
TRY/JPY is currently weak and could potentially break it's bullish support and fall further down. Place your SL above the high of the current consolidation zone. To play it safe, one can simply place a Stop Sell order right below the 50 EMA on the 6H chart or simply the current support line to catch the move as it breaks its current support. I would personally...
Seriously... Just buy it. First target 5.8
5.3 - 5.1 is the target. Go long with 10x leverage. Take profit after a few years Get rich easy. Not trading advice.
Follow the trends. It pays off when trading. This pair correlates great with USDTRY, which has been a Gem for me & my network. Do you agree with my analysis? Comment Below!!
Double top and long candlestick. This will continue it's bearish trend
I think it will hit upper trend line until this november.