While our goverment officals sleeping and doing nothing the price action started a cup and handle rally.. Here we have something. It is approaching to the target levels.. Can our officers do anything.. ? In past years we all decided they are happy about this thing.. This can be sideway but it didnt.. When past 4 price we got sure that this is a cup and handle...
DB-Double bottom B1-Bottom1 B2-Bottom2 ST-Symmetrical Triangle
I am slowly building a big long position in TRY/JPY pair. Turkish Lira is quite under-valuated at these levels and despite the recent strength of Japanese Yen I think in the long run JPY will weaken across the board. This is a carry trade position which will bring lot of interest while running. At 8.5% current interest rate of Turkish Lira outperform almost all...
I expect it to continue to get more higher because of the pressure on Turkey Economy. If it breaks down about 4.60, short position must be taken.
The US Dollar is one of the many currencies, which are gaining strength against the Turkish Lira. Although the most patterns are similar on the pairs that involve the currency of Turkey, there are minor differences. In regards to the USD/TRY currency exchange rate the most notable difference is the fact that the pair is a the moment trading in a junior channel...
The common European currency continues to book new high levels against the Turkish Lira. On all timeframes and scales the currency pair is surging and it has been like that for a few years. In the short term the pair is set to continue the surge. It should occur after the currency exchange rate finds support in a combined support cluster near the 4.66 mark....
USDTRY US Dollar Turkish Lira This is striking impulse wave: and when it breaks down it's a fabulous short Cannot short this whilst within the power of this massive impulse wave. But once it falls out of the parallel it becomes a massive short - once broken, look for any retest of the parallel from the underside once broken as a second shorting opportunity...
USDTRY is going down again from all time high? I would short it with 0.01% of my account. Main concern is the situation in Turkey.
Tom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend. Weekly and daily charts confirms this as well. Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns. In the upcoming...
- Trend dynamics support 3.35 but lower levels are less likely. - The potential uptrend will be defined with the key topics (on the chart).
Before the next positions, we have here H&SH space for sell and TP some pips. After trand will finish this structure, please watch the Support & Ressistance channel levels. See you ! GL :)
Here you can see my last ideas, on my channel! www.tradingview.com this days, most of them was Profitable. (y)
Short USDTRY after election if Erdogan wins
After a longterm Anelising of fibs / HVF/ waves and other instruments, a came to this conclusion . It can take longer some longer , but not much .