USDTRY_TOD trade ideas
USDTRYUSDTRY IS PROGRESSING WITHIN THE TREND AREA. WE SEE FIBBONACCI LEVELS ON THE GRAPHIC The lower level in the relaxation state may be 8.98. The first stop on the ascents is 9.43.
usdtry 1d
Technical view on the market, which isn't an invitation to buy or sell, But only for learning purposes and sharing my thoughts.
Attention :
Always use a proper risk management in trading.
Be safe and trade responsibly
USD/TRY PARALEL KANAL TEPE TESTİDXY tepki alımları alsada genel dxy trendi aşağı yönlü. Dolar tl paralel kenar üst sınırlarını test edicek ve kritik bölgede bulunmakta eğer kanal üst sınırlarından tepki yemesi halinde 1w/1mo. sfp oluşturabilir ve kısa-orta dönem düşüş trendi başlatabilir eğer kanalı yukarı yönlü kırması halinde bir başka s/r flip gerçekleşecek ve parabolik gitme şansı var. kanalın içinde kalıp kısa orta vadede kanal alt çizgisine dönüş yapması daha olası.
USD/TRY turkish lira napicak ?piayasa baya yangin gibi olmuş ama bence buraya kadar yeter va duşme zamani geldi
Bullish USDTRYContinue to be on channel
I believe it can break the channel but pull back to the channel
USD/TRY longHello! The USD / TRY pair reached strong support around 8.40. Currently, we can expect an upward movement to the nearest resistance at the level of 9.0906. SL below support. Technical indicators confirm this as well. Overcoming the local trend line (indicated on the chart in yellow). It is better for cautious traders to wait until the trendline is crossed.
Bought on current price
TP = 9.0906
SL = 8.36614
Information provided is only educational and should not be used to take action in the market
Bearish divergenceas you see we have some bearish divergence, The price is important at 9.35$ if the price breaks out the channel resistance and confirm go long.
Simple and easy macro analysis on USDTRYAs we can see the price has formed an rising wedge which generally breaks to the downside. The RSI ''is'' forming a falling triangle which is also a bearish pattern. Other than that the smaller time frames show weakining of RSI.
Volume has been decreasing since the first impulse of the rising wedge.
What the heck is happening again...Nonstop devaluation... I hate seeing i hate analyzing i hate publishing the melt of Turkish Lira. I hope one day we will experience the opposite...
Turkish Lira USDTRY | Watch Price Level 8.96562USDTRY. Wait and See How The Turkish Lira Responds To 8.96562 Price Level.
USDTRY breakout flat resistance After a strong growth, the price has no pullback at all and is in tight consolidation. The price is pushing towards resistance with locally increasing lows. I am waiting for the breakdown of resistance and the price rise to the far level
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
USDTRY Long The price is very high, you cannot sell it. The trend is exceptionally growing. The price is in consolidation, trading can be carried out from the lower border into a long position. I look forward to growth from support
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
USDTRY has come to the end of the road As you can see on the monthly chart, the 5th big wave is about to complete inside the ascending wedge and there is a negative divergence on the RSI .
In my opinion, USDTRY has come to the end of the road after 13 years of growth. I expect it to peak in the a few months and then start to collapse around 9.30 and depreciate around 50% in about 5-6 years and be around 5 TL.
Bearish AB=CD needs confirmationBearish AB=CD needs confirmation, however there seems to be some fundamental problems regarding the Turkish Lira. So better be careful.
TRY Short - Bear Market ContinuesSUMMMARY: Short, looks like a failed breakout and trend is for further depreciation.
-- Technical --
Price is hitting against the 50 EMA is probably fall further.
Stock RSI is slight overbought
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, i? Let me know below.
TURKISH LIRATRY has been weakening against USD for a long time.
Last week, Turkish Central Bank slashed its key interest rate to 18%, and the inflation in the country is more than 19%.
From USDTRY log chart we can see the clear uptrend and the price movement is tightening forming a rising wedge. The ratio is climbing but with lower and lower momentum. RSI is also indicating to divergences.
After breaking down from the pattern, the next support areas are marked in red zones. Also, the green support line that has been keeping the price up since 2014 is indicated.
USDTRY Waiting confirmation to go short USDTRY Waiting confirmation to short
-Resistance
-Completed 5 Waves
-Waiting bearish confirmation candle before short!
Publishing it for fun and training Rising WedgePublishing it for fun and training , not a good margin but its more like a tutorial. Rising Wedge -
Target 7.638Following weekly chart.
RSi bounced from 60', this is clear short signal for me till 7.93 & and 7.638
Following 7.85 for SL
