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USD/TRY_TOD - USD/TRY

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USDTRY_TOD trade ideas

USDTRY 7.347553 0% LONG IDEA * CONTINUATION PTTNS & PRCEGood day everyone Hope everyone is having a good one in the markets this week. ^ Here's a look a the DOLLAR / TURKISH LIRA * The pair broke out of the descending channel structure and pulled back for a retest of this structure signalling continuation. * Currently traded in a bull flag which saw a break above and a pull back to retest structure also possibly signalling continuation of this move. * Looking for the bulls to continue their rally to the upside Targeting resistance level 7.62266 * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
2
USDTRY 6.94765 - 0.25 % LONG IDEA * PRICE ACTION AND STRUCTUREHELLO EVERYONE Hope everyone is having a good one as we head to the next week in the charts, Here's a look at the DOLLAR / TURKISH LIRA FROM A 4H perspective * The pair has been on a down trend in a descending channel structure that has been respected. * Currently range bound in a symmetrical triangle structure which could breakout in either direction so price action will come into play * Good opportunity for intra-day traders to trade the roof and base of the structure * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
2
USDTRY is getting close to the buy zone once againIn our last USDTRY analysis we spotted the reversal at 6.90 zone correctly. After realizing out profits there, we'll try to get them back just under 7.20 level. 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
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (7.00000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. Take Profits: TP1= @ 7.26750 TP2= @ 7.50000 TP3= @ 7.77550 TP4= @ 8.04150 TP5= @ 8.57500 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 ❤️
Long
by ForecastCity_World
19
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (7.00000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. Take Profits: TP1= @ 7.26750 TP2= @ 7.50000 TP3= @ 7.77550 TP4= @ 8.04150 TP5= @ 8.57500 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 ❤️
Long
by ForecastCity
12