💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.6470).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 8.7468
TP2= @ 8.7942
TP3= @ 8.9505
TP4= @ 9.1263
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDTRY
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.6470).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 8.7468
TP2= @ 8.7942
TP3= @ 8.9505
TP4= @ 9.1263
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDTRY 4H ( trying upward)Usdtry now will try to get upward, to make a certain stability above support zone ,
We have two entry point ,
But if the price can break the support zone and stablize there will get downward..
————
Tendency: upward
Entry: above 8.65 & 8.59
Tp.: 8.72 & 8.79
Sl.: stable under ( 8.580)
#USDT No.20In previous analysis, we talked about the support level around 4.20 (important for D1) and i said it's better to wait for this level and prepare for the next step to predict whole market! now we can see that point has been more important for this Index and whole the market!
You can still wait for yellow area to see what would happen within there!
In h1 4.45 is support area for recent wave and 4.55 resistance!
let's see what will happen after
USDTRY growth from SUPPORT zoneThe price has corrected to the support zone in the upward price channel. There is no break in the trend. I think that after testing and fixing above the level, the price will continue to move along the trend. The goal is local support
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
USDTRY 4H (downward under the channel)Usdtry can break the channel to down, so it means will get the downward direction i think till targets 8.59 and 8.49 , but it is not mean general direction for long time, it is just some retest still stabilizing the price above 8.78 or stable under 8.46, to appear general direction.
———-
Tendency: downward
Entry: under 8.700
Tp.: 8.590 & 8.490
Sl.: stable into the channel (8.74)
USDTRY - Expecting a rise 🙌-Today’s softer than expected inflation figures will likely fuel concerns of policy easing, with the central bank given more room to lower interest rates.
-Taking a look at the chart, the path of least resistance is higher USD/TRY with volatility likely to pick up heading into both the July and August meetings. Naturally above the swing high of 8.7775, the focus will be on the psychological 9.000 handle.
USD/TRY there has to be a correctionHi everyone! As you could notice according to my last idea the price on USD/TRY pair reached exactly in the purpose then falling continued. And now the price overcame a trend line down. However, the price is near strong horizontal support and therefore I expect correction to a trend line on level 0.382 and 0.618 according to Fibonacci.
Purchase from the level of support specified on the chart.
TP1 = 8.41
TP2 = 8.54 (achievement of this purpose is not obligatory, but it is possible)
SL = 8.175
Information provided is only educational and should not be used to take action in the market.
USDTRY, New Time HighsThe upward movement is breaking its resistance of 8.50s price level. Looking at historical data, it only means that we are looking at new records soon. I also foresee a retraction to current levels, just like it happened in 2018.
First goal is 9. Then a retraction to 8.60s levels. Then all the way up !
Sorry for the poor drawing by the way. I think the idea is what counts, so the drawing is a little bit crude.
USDTRY 4H (make it uppward)#USDTRY has a strong power to up, each time it tries to get the highest price so in the previous idea we said will get 8.580 then will be down now you can see we get it the same thing.
above 8.4610 Will get 8.6100 and a Blue circle 🔵
under red Slope, the line will get 8.23 and red circle 🔴
--------
Tendency: Upward
Entry: above 8.4610
TP.: 8.6100 and 8.7600
SL.: under 8.3600
USDTRY ASCENDING TRIANGLEHello Traders,
Today, with the outperformed growth data, Turkish Lira gained around 1% made a successful retest to the breakout zone of formed ascending triangle.
I expect that the currency will gain momentum to finalize the movement through the target of the continuation pattern.
My target area for the currency is $8.95-$9.00.
8.95 is a nice level to take your profits and watch closely to continue, close or may be add new positions considering the facts.
Thank you and stay tuned for more strategies!
Please leave a like and comment what you think.
Wish you have a well start of the week and trade safely