Usdtl
#USDTRY #USDTL #USD #TL $ #ELLIOTWAVEusdtry elliottwave perspective view
Alternative 1) If it sees around 6.50 (green area) and turns up and is permanent on the red line (above 7.30), the rise started.
Alternative 2) If it falls below the green area, it sees around 6.00 (pink area), the rise begins. 7.30 is also important in this. 7.30 must be exceeded for real rise.
Alternative 3) Cannot hold in the 1st Pink area. It falls to around 4.50 (2nd Pink area). After this fall, the journey to AY begins.
my favorite 2nd alternative
A great opportunity to buy in Turkish Lira.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 rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 33.
Trading suggestion:
There is a possibility of temporary retracement to suggested Buy Zone (5.51550 to 5.19000). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (5.51550)
Ending of entry zone (5.19000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 : @5.6870
TP2 : @5.9015
TP3 : @6.2090
TP4 : @6.4820
TP5 : @6.8320
TP6 : @7.0000
TP7 : @7.1200
TP8 : Free
Here we are approaching something here. Sleepy Central Banking..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 rally..
Here all investors are alone in this cruel world.. Central banking sleeps.... So they got paid well..
God bless them with their paycheck.. They made Turkish Lira currency Worst Money In the World..
hallelujah.....
btc/usdt thoughtsHey guys! So we are sitting here all in suspense, waiting to see what happens!!!?? I feel like we are on the verge of a moon but only time will tell. I suggest using stop loss for these situations. Also you can do a reversal where you put your buy orders on alts at a 30-50% price point then current price that way if btc goes up you buy alts at low price or if btc goes down you can pick up the alts at a lower price because of down spike and bleeding
Happy trading
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Triangle breaking downside ? Lets see man...Lets see what happens. If it is breaking down triangle and impulsive move will begin there is a strong support level close levels. If it can break it also it will go to the 200 day average. Why not ?
Watching close and hoping for the best not for the worse..
Ultimate setup for me... I have been waiting this setup for 3 months. So today yes today it seen bottom line. And so far so nice reversal...
My target long term 1-2 years for upper side line top of this ABCD correction.
Best wishes to everyone...