only and only under the 5.55 all ofrising formation will be canceled
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...
USD/TRY harmonic bullish gartley pattern. Targets are shown on the chart. (short term idea)
Uptrend 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...
USD/TRY symmetrical triangle. IF can't hold the 5.98-6.04 area, we'll go back to 5.82-5.85 area.
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. ** If you like our free content...
After election weekly candles going in sync. If this is continue, we will see action in 3-4 weeks.
Pattern: 1W Channel Up. Signal: Bearish once the price makes a Higher High. Target: Around -10% from where the Higher High is made. *If 6.22990 breaks, close and wait for a new (quite possibly more aggressive) bullish pattern to trade.
USDTRY 1H getting ready to breakdown soon. Look for sells on the breakdown from this structure.
If you get involved in provocative acts, saying ‘foreign currencies will strengthen, this will happen, that will happen’, you will pay a very heavy price - Erdogan TRY Fundamental Quant Score +60 USD Fundamental Quant Score -4 Investors seek reforms, fear populism Lira initially weakened 2.5 percent Shares rise 1 percent (Updates lira, adds London...
5.64 is critical. In daily closing, this figure may cause us to see 5.53 Continue to follow today
Here we are witnessing a very interesting move taking place for the Turkish financial system. After finishing a clear corrective ABC sequence since the August highs we are now in the early stages of an impulsive move to finish the more broader 5th wave in a very large sequence. For those tracking the updates in USDTRY in the previous charts (see attached:...
$ USDTRY $ Looks like we are back to Jul - Aug 2018
In my previous analysis i showed a possible flag pattern could be formed against the resistance of the double bottom neckline. So far that is exactly what happend. On the right we can see the shape of a triangle. All triangles can breakout both ways, but since this one is an ascending which is being formed against a resistance zone , it is more likely to see it...
USD is ready for a new big movement against TRY. When we look at the weekly chart we can see the uptrend channel clearly. Double bottom has been already formatted at 5.12 level. Can be expected to rise 6.50, 6.90 levels until at the end of the summer. Please keep in mind that this is not a short term advice.