USDTRY trade ideas
USDTRY: NOT SEEM GOODif candles light under 8.21, cancel!
important note: it is not investment advice.
full respect,
USDTRYTurkish Lira can finally get back on its feet thanks to the weakening US Dollar.
-Entry @ current market price
-Stop-Loss: 8.10
-Take Profit: 9.50
USDTRTWe are going to the 8,57 but first we'll break 8,42. And than take off to the mooon (it is a joke :)!!!
Please, don't get me wrong, but I'm so tired, becouse of thinking my countrys stuation. if you are still not understand what Im tryingto say. Please, look inflation or interest rate, and type this on google "thodex fraud" or look at ETH/TRY chart. We did see the same thing on avax/try chart earlier.
I am bored from our economic style.
a cup of tea miss money penny?saw @secondtonumb8 idea, digged in and found a smaller cup and handle.
courrently running in a channel built from 2015(res) 2018(sup)
the sucker is going up, will wait for break on res line of the cup, sl on the 50%of the channel(grey), might be thight, could be a good idea letting it breathe at entry somewhere in the yellow supp area.
look at @secondtonumb8 idea for a longer term perspective
Taking some profits off the tableTook some profits off and broke even the trade as it is spending slightly too much time in the value zone. If it finally breaks out of the range, I'll look to buy the pullback
Critical days for Lira againif bullish pennant broke to higher, it will aim 10.00 - 10.20
if broke to lower it will aim 8.00-7.80. but Lira will gain some time only for this option. do not aim much lower for now
because of the high CDS , the fair value for Turkish Lira announced 9.50
Simple isnt itAvoid the noise. The picture is clear.
Long when touches the line. Short if breaks down
TURKISH LIRA / DOLLAR LONG IDEA PRICEA ACTION & STRHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE TURKISH LIRA / DOLLAR PAIR .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDTRY - IT'S NOT THE BEST TIME TO BUY..It may goes up or not but what I can say that it's not the best time to buy.. the last best time was on February as you see on the chart.
I wish you good profit!
Follow me!
Thanks
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💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (8.24484).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 8.31443
TP2= @ 8.36158
TP3= @ 8.39922
TP4= @ 8.44257
TP5= @ 8.48527
TP6= @ 8.60000
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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❤️ Your Support is very much 🙏 appreciated!❤️
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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 ❤️
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (8.24484).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 8.31443
TP2= @ 8.36158
TP3= @ 8.39922
TP4= @ 8.44257
TP5= @ 8.48527
TP6= @ 8.60000
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 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 ❤️
8.4 in the scopeinteresting facts about Turkey :
- Santa Claus was born in Turkey
- There are no native camels in Turkey, but there’s an annual camel wrestling festival
USD/TRY - Broken 20 years parabola and retesting it. LSMTSUSD/TRY - broken 20 years parabola and retesting it. LSMTS
