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Dollarlira

USDTRY AnalysisHey Traders, I hope everyone is having a good time as the year is ending and new one is beginning soon; I saw this market or the dollar-Lira which the market has broken the resistance area and then retested, if the market holds above this level and the breakout turns to be real one, then the Lira is going up, my target is the second resistance area which the wig the market made 26th of Aug this year. however, if the breakout turns to be a fake breakout, then the market is gonna sell-off around 5.80 as my level of support, then the market will decide where to go then. Here is the trade setup Scenario 1: Long Trade Setup USDTRY Buy at 5.93133 Stop Loss at 5.8960 Target Profit at 6.03960 If market movement is now fake and the current support area is broken, then the market would turn into short and here is the second scenario for it: Scenario 2: Short Trade Setup USDTRY Sell at 5.88000 Stop Loss at 5.9580 Target Profit at 5.8000 Good Luck and happy new year!
by sirkamal
A great opportunity to buy in Turkish Lira. keep your eye on it.Midterm forecast: 5.0000 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 5.0000 is broken. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (5.9300 to 5.6450). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (5.9300) Ending of entry zone (5.6450) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 88. Take Profits: TP1= @ 6.0000 TP2= @ 6.2100 TP3= @ 6.5600 TP4= @ 7.0000 TP5= @ 7.1200 TP6= Free Previous Trade Setup: We opened 4 BUY trade(s) @ 4.7302 based on 'Trough (Valley)' entry method at 2018.07.09. Total Profit: 22017 pip Closed trade(s): 5354 pip Profit Open trade(s): 16663 pip Profit Closed Profit: TP1 @ 4.8035 touched at 2018.07.11 with 733 pip Profit. TP2 @ 4.9225 touched at 2018.07.12 with 1923 pip Profit. TP3 @ 5.0000 touched at 2018.08.01 with 2698 pip Profit. 733 + 1923 + 2698 = 5354 pip Open Profit: Profit for one trade is 6.3965(current price) - 4.7302(open price) = 16663 pip 1 trade(s) still open, therefore total profit for open trade(s) is 16663 x 1 = 16663 pip
Long
by ForecastCity
A great opportunity to buy in Turkish Lira. keep your eye on it.Midterm forecast: 5.0000 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 5.0000 is broken. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (5.9300 to 5.6450). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (5.9300) Ending of entry zone (5.6450) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 88. Take Profits: TP1= @ 6.0000 TP2= @ 6.2100 TP3= @ 6.5600 TP4= @ 7.0000 TP5= @ 7.1200 TP6= Free Previous Trade Setup: We opened 4 BUY trade(s) @ 4.7302 based on 'Trough (Valley)' entry method at 2018.07.09. Total Profit: 22017 pip Closed trade(s): 5354 pip Profit Open trade(s): 16663 pip Profit Closed Profit: TP1 @ 4.8035 touched at 2018.07.11 with 733 pip Profit. TP2 @ 4.9225 touched at 2018.07.12 with 1923 pip Profit. TP3 @ 5.0000 touched at 2018.08.01 with 2698 pip Profit. 733 + 1923 + 2698 = 5354 pip Open Profit: Profit for one trade is 6.3965(current price) - 4.7302(open price) = 16663 pip 1 trade(s) still open, therefore total profit for open trade(s) is 16663 x 1 = 16663 pip
Long
by ForecastCity
6
A great opportunity to buy in Turkish Lira. keep your eye on it.Midterm Forecast: The current trend is uptrend and the forecast is the continuation of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 51. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (4.4600 to 4.3200). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (4.4600) Ending of entry zone (4.3200) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 4.5545 TP2= @ 4.6770 TP3= @ 4.8035 TP4= @ 4.9225 TP5= @ 5.0000 TP6= Free
Long
by ForecastCity
A great opportunity to buy in Turkish Lira. keep your eye on it.DOLLAR/LIRA Midterm forecast: The current trend is uptrend and the forecast is continuation of the uptrend. Technical analysis: While the RSI resistance #1 at 83 is not broken, the probability of price increase would be too low. While the RSI uptrend #2 is not broken, bullish wave in price would continue. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 77. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (4.3200 to 4.1800). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (4.3200) Ending of entry zone (4.1800) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 4.4600 TP2= @ 4.5400 TP3= @ 4.7385 TP4= @ 4.9225 TP5= @ 5.0000 TP6= Free
Long
by ForecastCity
A great opportunity to buy in Turkish Lira. keep your eye on it.DOLLAR/LIRA Midterm forecast: The current trend is uptrend and the forecast is continuation of the uptrend. Technical analysis: While the RSI resistance #1 at 83 is not broken, the probability of price increase would be too low. While the RSI uptrend #2 is not broken, bullish wave in price would continue. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 77. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (4.3200 to 4.1800). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (4.3200) Ending of entry zone (4.1800) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 4.4600 TP2= @ 4.5400 TP3= @ 4.7385 TP4= @ 4.9225 TP5= @ 5.0000 TP6= Free
Long
by ForecastCity
7