Hey tradomaniacs,
I know we all are looking for great opportunitys to trade this Currencypair since the TRY is very cheap and perfect
to stack a buy or short-order.
We currently create a descending triangle and are not done with it.
The range the market is going up and down in is closer and closer.
It makes no sense to place a Swing-Trade since we have no good Risk-Reward-Ratios or any signals
that could possibly give us an advantage.
We need impulses and a clear direction of the market!
A trinagle is usually a Trend-Continuation-Pattern!
A descending triangle shows WEAKNESS and could cause a falling market!
Since the DXY seem to be weak I expect the the TRY to increase in avlue and breakout below this pattern!
Inportant:
This is not a BUY- or Sell-Signal!
It is just an overview of the current situation and what I think about it!
As soon as I see a signal I`ll let you know and post it! :-)
Peace and good trades
Irasor
Trading2ez
WANNA SEE MORE? Don`t forget to follow me!
Any questions? Do you need daily detailed signals or education? PM me. :-)
I know we all are looking for great opportunitys to trade this Currencypair since the TRY is very cheap and perfect
to stack a buy or short-order.
We currently create a descending triangle and are not done with it.
The range the market is going up and down in is closer and closer.
It makes no sense to place a Swing-Trade since we have no good Risk-Reward-Ratios or any signals
that could possibly give us an advantage.
We need impulses and a clear direction of the market!
A trinagle is usually a Trend-Continuation-Pattern!
A descending triangle shows WEAKNESS and could cause a falling market!
Since the DXY seem to be weak I expect the the TRY to increase in avlue and breakout below this pattern!
Inportant:
This is not a BUY- or Sell-Signal!
It is just an overview of the current situation and what I think about it!
As soon as I see a signal I`ll let you know and post it! :-)
Peace and good trades
Irasor
Trading2ez
WANNA SEE MORE? Don`t forget to follow me!
Any questions? Do you need daily detailed signals or education? PM me. :-)
Note
Note
It's getting hot. We try to breakout! Waitibg for impuls and retest of the triangels bottom.Note
Check this analysis to see daytrade-opportunitys! Wait for the NFP`s. We are hitting the resistance of the triangle again! CLICK HERE: 
Note
Uhh now its getting exciting!!!! We are at the end of this triangle!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.