Ridiculous Drop - until EOYHi, according to this exponential drownward curve-channel Lira is about to take a big hit until end of the year (hard to time when exactly this will come).
Im not shorting it but buying turkish index when lira is at it lowest. DYOR
If erdogan gets elected once more in ยด22 i will sell my position again, if not then one could actualy hold turkish stonks.
dyor
EURTRY trade ideas
EURTRY bearish scenario:In this pair, technical analysis shows a technical figure Triangle. The Triangle has broken through the support line on 17/08/2021. EURTRY forming a bearish formation on a daily chart. If the price holds below this level we will have a possible bearish price movement with a forecast for the next 42 days with a target of 9.5735. If you decide to enter this position, experts say your stop-loss order should be placed at 10.1869.
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Long Vision on EUR TRY for 19/07/2021Hello Dear Traders,
You find below my analysis for EUR/TRY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/TRY will rise to 10.11 as I am showing in my chart. Our Daily Goal is 10.125.
Currently,EUR/TRY is moving towards theย support levelย of 10.05 where there is some liquidity, from this value we are looking for short-term buying opportunities ofย EUR/TRY.
Good Luck and enjoy your Bullish Market for today.
Entry:@10.05
TP1: @10.075
TP2: @10.095
TP3: @10.115
SL: @10.015
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Sideways action?Greatings all,
Thank you for being here.
I am very much interested in the Turkish Lira. With the summer in front of us and the pandemic little by little fading away the possibility of sideways action/little decline.
With the borders open and tourist floating in to Turkey. New money is on it's way.
What are your thoughts?
Please leave a comment so we can learn from each other.
EUR/TRY: Shake It Up, ลekerim! ๐๐๐Itโs 2007, you are sitting at home watching the Eurovision Song Contest and this dude from Turkey, Kenan Doฤulu, completely rocks the show with his song โShake It Up, ลekerim (my sugar)โ! Fast forward 14 years, a lot of shaking is happening in the Turkish Lira against which the Euro gained massively recently. As it stands right now, we expect the Euro to hit prices of 10โบ and above. Only condition for this scenario to realize is that we do not fall below 8.3344โบ. However, with the current surge, we are more than well-positioned to attack the 10โบ mark.
Happy trading!
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