Time to hike rates 5 points and this maddness will stop !!Eu union trys to crack our economy. Time to make some action. ! They will be broke !
EUR TRY
TURKISH LIRA EURO AND USD BASKET MY LAST CHART.WHEN WE LOOK AT THE CHARTS EUROTRY AND USDTRY WE CAN SEE A MAJOR WEEKNESS. AND TECHNICAL OUTLOOK TWO PAIRS ARE CLOSE MAYBE ENDED THEIR RISE. TRUMP ELECTION NIGHT TWO PAIR SEEN ALL TIME HIGHS. AND TRIANGLE TARGETS SEEN. WHEN I LOOK THE BASKET PERFECTLY SEEN TARGET. SO THAT TARGET LEVEL WHEN ACHIEVED AGAIN MAYBE IS A SHORT OPPORTUNITY. LONG TERM TURKISH EQUITIYS AND PAIRS ARE OPPORTUNITY.
LONG TERM VIEW. WHEN WE LOOK AT THE WEEKLY CHART. THERE IS A POSSIBILITY THAT EVERYTHING WILL BE FINE. THIS CHART IS SUGGESTING A LONG TERM TOP PATTERN I GUESS. BREAKDOWN OF MAJOR TREND LINE THAT WILL BE STABILITY AND SIDEWAY MOVEMENT I GUESS. BUT NOW THERE IS NO SELL SIGN THIS IS A VIEW OF THE CHART. RSI AND CHART SUGGESTING A LONG TERM TOP. LOOK AT THE LITTLE TIME PERIODS FOR TRADING.
Turkish Lira euro and usd dollar BASKETWhen we look at the chart we see that the basket didn't made new high. First high was 1 year ago. Normal investor gets %11 interest rate for lira per year. When we look at the chart basket is cheap for year ago. Interest rate %11 profit in us dollar and euro they close acoount and turn lira to euro or dollar. You can't find this opportunity in any country because we are talking about zero rates and negative rates. Here lira is overvalued for investors. They are in real good profit. I guess pair will go up.
Short EURTRYThis is a bit of an against the grain trade but its a solid setup on multiple levels along with it being a nice position trade as well. We are willing to let this trade work for a while, but perhaps it only takes a few days. Short at the current level to target the 3.3700 level.
EURTRY PAIR STATUSI GUESS NOW CAME BACK TO 50 DMA WHEN WE LOOK THE RSI AND GOLDEN CROSS I GUESS TIME TO BUY. LETS SEE
EURTRY Buying OpportunityLooks like EURTRY has finished visit bottom of trendline, so it may be a good idea for buy to the upper of it..
EURTRY: Longs after loss of bearish momentumEURTRY is about to confirm a long entry based on one of the trading strategies we employ, derived from Tim West's methodology. I'll be sending a signal to long to my trading signals clients after today's close. Sellers have already taken positions and it appears there's no one left here to sell. This cross pair presents a nice technical level, and good opportunity to leverage the bearish fundamentals the Turkish lyra has.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.25% on such information.
EURTRY Long analysisMostly it's going to be similar to USD but USD interest rates important and can change EURTRY
POST FAILED COUP -- LOOK TO SHORT EURTRY, USDTRYI'm not currently set up to trade spot forex, but this just says "short" all over the place, assuming it doesn't totally implode on Asian open tomorrow (it probably will) ... .
I looked at other long Turkey plays (e.g., TUR), but they are unlikely to move much or will recover by the time NY opens.
