GBPTRY trade ideas
Short GBPTRY Hello traders,
Great opportunity for all long term investment traders, i am looking for a pull back here on the 240 to look to ride this train down back into sub 5 lira territory.
Two targets here which i like which fibbs confluence 1st target will be 382 and 2nd at the famous 618.
Look for your own entry reasons guys/gels and happy trading.
GBPTRY forex cross pair new weekly demand imbalanceGBPTRY forex cross pair new weekly demand imbalance created around 5.33. Previous weekly demand level created around 5.33 playing out. Longs at new daily and weekly demand zones
GBP/TRY - Short OpportunityWhat's up traders, I am just quickly posting this chart for you all whilst it is on my radar.
Here we have GBP/TRY on the 1H chart. Price restently broke a long term side-wards support level, and retested it as a new sideways resistance. Once price confirmed the line as resistance, broke also broke a flag channel support simultaneously, leading to a breakdown move.
Since this trade is already moving, I am advising traders to look for a retest to look for a short opportunity.
Updates for this idea will be posted below. Leave a like & follow so you don't miss any of our content.
GBPTRY Bullish BatT1: First Take Profit
T2: Second Take Profit
VP: Pattern validation price
SL: Stop loss
POTENTIAL BULLISH SHARKT1: Take Profit 1
T2: Take Profit 2
VP: Pattern validation price
SL: Stop loss
GBPTRY range trade - LongNow in demand zone of 12 month+ range. Go long above Friday's open for bullish momentum confirmation. Stop just below Friday's low.
GBPTRY upside expectedHi traders,
GBPTRY showing a great buying opportunity. There was a morning star signal at the horizontal support as well as a strong bullish follow through.
The candlesticks are literally a graphical depiction of investors sentiment, with this in mind we can see the price action is extremely strong and supportive of an up move in this pair.
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Best regards,
Tom_Killick
GBPTRY sell setupHi traders,
GBPTRY looks great for downside. I am expecting a move down to the localized structure. This could actually be a small 3 wave pattern in the making, I guess we will all soon find out.
Best regards,
Tom_Killick
GBPTRY Short.. next stop ? i suppose it will be brokenA great opportunity for the high pressure of this cross in short direction. if the support does'nt support the price next stop maybe 4.30 :-) LOL
check my twitter profile for daily market pressure of all crosses
Strong short pressure level for this cross. Strong short pressure level for this cross.
See my twitter profile for daily pressure levels for all crosses
GBPTRY Long 4hGBPTRY has entered a bullish trend and MAs play a role of support structure that keeps the trend in its current direction. Considering MAs, one could also say that there has been a bullish crossing of 150 and 200 MAs. Moreover, since the green vertical line that identifies the beginning of the trend, RSI has never been below the red support line (could be seen on the graph). Additionally, from a technical point of view, the upward trend has completed its 50.00% Fib retracement.
Overall, Fib along with RSI and MAs suggest a bullish week ahead for GBPTRY. Fundamentally, there were no chaotic news coming from the UK in the past few weeks and the election uncertainty could be over in the eyes of the investors.
Good luck, traders!
GBPTRY sell setup.Hi traders, I hope you had a nice weekend and are now refreshed for a new week of trading.
GBPTRY looks like an outstanding short setup. There is massive resistance above outlined by the Fibonacci, moving averages, as well as the moving average crossover showing weakness in this pair. Using your tested trading strategy to find a short is likely a very good idea.
Best regards,
Tom_Killick
DOUBLE DOUBLE BOTTOMSI guess it is nice chance to observe double bottom patterns. 1 major and inside 1 minor double bottoms inside GBPTRY:
Minor double bottom's target is 4.60s
Major double bottom's target is 4.70s
I can't say volume getting higher but volume is always higher than double bottom existed.
ADX says it is a trend exist in GBPTRY but DI - is still strong so i can't say definetely buy.
But if u want to buy 4.70s are very good target to sell.
