In my previous analysis i showed a potential double bottom on the daily chart which has been playing out so far. The ideal entry, when the triangle would break on the low side, didn't happen. It simply broke upwards and continued the rally since. However, this rally has been very slow so far. It's not always bad, but at this point it needs to accelerate a big...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
head and shoulders pattern at usdtry. targets are shown by blue lines
Looks like a solid double bottom pattern in the making. On the right we can see a triangle as well. So i am going to wait for a downwards breakout and if we see something like the blue line, i will try a long around the yellow circle, so after the breakout of that channel. Previous analysis:
USD/TRY harmonic bullish bat + bullish divergence on 1h chart. Targets are shown.
this is not a trade call. this is for reference only
The pair broke the 1D Channel Down (RSI = 52.138, Highs/Lows = 0.0416) and entered neutral condition for the first time since early September. If the 5.54000 Resistance is crossed then it reenters into bullish territory and should look for 5.87030 at least. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
5.3 - 5.1 is the target. Go long with 10x leverage. Take profit after a few years Get rich easy. Not trading advice.
The US Dollar has been depreciating against the Turkish Lira since the end of August. This movement has been bounded in a falling wedge. Technical indicators for the 1W time frame suggest that a breakout north occurs in the nearest future and the currency pair surges towards the Fibonacci 23.60% retracement at 5.7597. However, this advance might not be...
On the left we can see a big bull flag and the wedge i have drawn as well, both of them failed. Now we have a smaller bullish wedge in the making, could also fail but the RR is way to good to ignore this one. I am trying half here at the low and the second half when it break the wedge.
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm. We will close our open trades, if the Midterm level 5.0000 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm. We will close our open trades, if the Midterm level 5.0000 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price...
If green trendline holds, we will never see 5.50 levels ever in USDTRY. This is a long term buying opportunity. If green line fails, stop and watch the market until it gets backup again.