USDTRY_TOD trade ideas
USDTRY-SELL++Short-term we are overbought again, but weekly chart has little more room upside.
The monthly-chart is getting close to a point whereby monthly correction may set in.
For now, the view is still the same. we have added sell 15.50-15.75 and owe add once again above 16.50 for a move back to 10.50-9.00.
Short-term SELL current 15.70-15.80 and take profit 14.25.
USDTRY-LT SELLThe long-term chart shows a very overbought situation, and this still requires a good correction.
As mentioned on a few occasions and misunderstood at times, it does not mean that we cannot see higher levels. In fact, if existing short, we add 15.50-15.75 and once again 16.75 and above. The ultimate goal and objective is 10.50-9.00. This may take quite some months, but this is a technical expectation.
No doubt fundamentals suggest we should see higher at first, and this one should see as an opportunity to sell.
USDTRY-SELL LTNo change in overall view.
I am aware that we are moving up gradually (inch-by-inch), and this provides the chance to sell further @ 15.50-16.00 and 16.75 and above.
We got a moon phase start as well, and perhaps we may see even short term move back towards 13.67 cloud support.
Medium to long term we should see a correction back to 10.50-9.00.
USDTRY-SELL LTI have not updated much on the pair since it remained very quiet and was looking for higher levels as being a possibility.
The long-term picture is still very much overbought, and yes, it can go higher a bit more. The strategy is therefore selling into the upmove slowly.
Fopr now we sell @ 15.50-15.75 window and add 16.75-17.00 when seen. The over all objective still stands at 10.50-9.00.
Correction will be continued upThe price for USD/TRY drew the interesting schedule, but correction is not ended. I expect continuation of the movement up in the short term to the level 15.19 where the next resistance is located.
Purchase at the current price.
TP = 15.17.
Information provided is only educational and should not be used to take action in the market.
usdtry this pair is going to hit 15.23.
if we break 15.3000 in daily time frame then we can see 18.0000 or even 19.0000.
so you can enter here. your stoploss being 14.7900 and tp is 15.2300.
if price breaks 15.3000 then enter again and tp is 18.0000. stoploss for this trade is will be announced.
please dont forget risk management.
good luck.
USDTRYUSD TRY trading 14.6658
As mentioned in chart these movements indicates spikes as always we can see Turkish lira is day by day getting more bearish against usd
and the unemployment rate is rising Turkey
target short term 15.5000----above 15.500 3 consecutive days close plus weekly close we can see blast to lead new life time high
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#USDTRY LONGWith the Currency Protected Deposit, the exchange rate increase in the returns so far brought the annual interest of KKMs between 110% and 55%. Therefore, the turns continued to KKM. However, a move is coming that will reverse the situation, by bringing the exchange rate down and bringing the yields to 14-17% interest rates, strict measures have been started to be taken to both the value of the currency and the transactions made in foreign currency, in order to prevent everyone from turning into foreign currency at the end of the maturity, regardless of the exchange rate cut.
That's why it can affect the USDTRY to increase to 20-25 Turkish Lira per Dollar and after that, it can fall between 5-8 Turkish Lira per Dollar to Control the prices...
gann box with a trend fibtrend fib applied starting from 18/09/17
take the gann box for the horizontal scale use the top of the trend fib. for the vertical scale use the significant high and lows.
from price 0.5 to time 0.5 make 45 degree angle. and lock the chart scale.
draw your trend line which is 17 degree.
and the cycle after that (with the same method of applying gann box) ends up having a degree of 52... 52-45=7
price top might be also 17TRY for this cycle.
time forecast might be
1771 days
17*17=289 weeks
07/07/2022
USDTRY- 28Apr2022USDTRY- 28Apr2022
On the H4, price once again bounced back strongly from the interim resistance-turned-support at 14.7500. If USD continues to strengthen, we could expect USDTRY to bounce higher to 1st Resistance at 14.8800.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
So You Also Trade USDTRY? Buy Now!Not a lot of people trade USDTRY. If you are one of them, maybe you want to consider long positions. I am long on this pair.
Price failed to break below major support and my fav indicator, stochastic is turning bullish
Long positions at market this morning
Stop: 14.5414
USDTRY Short Setup for 2022Hello.
After succesfully predicting the Lira Crash this year (see related Idea below) i present to you my USDTRY short setup.
Note: When "Knife catching" i got to be REALLY conservative with my targets, especially with using leverage. This is the absolute worst case for Lira. I give this a 40% propability to actually reaching this target.
If you are Turkish and looking to buy back real Lira i dont advice going for this target but to buy back lira in steps from here. This setup is more targeted for leveraged trading. DYOR.
Lira is loosing value exponentially on a multi year time frame.
For Context how i came up with this targets (red line and green curve) see picture below.
Theoretically Lira could also break out of the exponential down Trend but likely not if Erdogan is still President.
Exponentiall Lira Support should be arround my Short Zone but as i said, this short target is pretty Conservative as its targeted to leverage trading.
Please leave a like if you liked this and as always: do your own research =)
USDTRY-SELL strategy LTNo change in view.
The monthly chart shows we are very overbought, and this has not as yet corrected.
The weekly chart, and daily chart are neutral to small upside bias. The chances are we may see a bit higher, and this should be seen as a SELL strategic opportunity. The expected upside is 15.50-16.50 before we may correct towards 10.50-9.00.
Just a thought... A bit more upside on USDTRY then bearishAssuming the latest historical top as a Cycle Wave 3, we could assume we are in a Cycle Wave 4 now. The first impulsive downtrend after this top makes me believe it was a Wave A of a ZigZag. If this is true, we should be in a Wave B (of Zig Zag) now. Zooming in from the daily timeframe, we can count 3 waves up and a triangle currently unfolding (this triangle would be Wave 4 of Wave C within Zig Zag's Wave B).
So, my theory would be that once triangle can be considered complete (when prices break 14.76 resistance, or Triangle's Wave D), Wave 5 of Wave C within Zig Zag's Wave B would be unfolding (I'd expect this final Wave 5 to be reaching ~15.20). Then we should see the start of Zig Zag's Wave C, taking the price down (below 10?).
We'll see... I'll await price action confirmation before taking any trade...
Happy pip hunting!
*Not financial advice - just a thought purely based on technical analysis observations.