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U.S. Dollar / Turkish Lira

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USDTRY trade ideas

USDTRY - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. USDTRY is approaching strong support in green from Daily so we will be looking for buy setups on lower timeframes. on H4: USDTRY is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Until the buy is activated, USDTRY would be overall bearish and can still dive inside the green support or even break it downward. And of course, as USDTRY approaches our upper blue resistance / round number 8.00, we will be looking for sell setups. Good luck! ~Rich
Long
by TheSignalyst
50
USDTRY on a minor retracement 🦐USDTRY on the 4h chart, reached the support structure. The market which is moving inside a descending channel is now testing the upper one. IF the market will break above we can expect a test of the resistance zone. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
8
USDTRY Latest Technical LevelsWe're at 0.618 fibonacci level, it is relatively cheap but not a great buy. Next support is at 7.20, you can consider to start buying here. Heavy bulls should be waiting at 7.00 level. It does not seem possible to be permanent under 7.00. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade. - Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader. - Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style. Best Regards.
Long
by FXTurkey
1
USD/TRY longHi everyone! My long-term idea published last year now completely was implemented (in the connected ideas). The price reached the support defined early. Now I expect correction with the first purpose to level 7.38. SL = 6.89. USD/TRY on technical indicators it is completely ready for this purpose. Besides the price almost approached the lower bound of the channel. Information provided is only educational and should not be used to take action in the market.
Long
by Yuriy_Kuznetsov
10