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Lira

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
USD/TRY Turkish Lira Aug 2018This will be my views of USD/TRY Aug 2018 Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by SonicDeejay
5
What to look for next week? Gold, Euro, Bitcoin that's what.This is what I will be keeping my eye on next week: FX:EURUSD,FX:GBPUSD,FX:USDCNH,FX:USDMXN,FX:USDTRY,FX:EURJPY,FX:EURCHF,FX:EURCAD,FX:GBPJPY,FX:GBPCAD,TVC:GOLD,TVC:SILVER,COMEX:HG1!,BITFINEX:BTCUSD There might be some opportunities, and I want to perfect my trading in FX, so I will ignore stocks unless I have time, my priority is really making my FX trading perfect the rest is secondary. No rush to make profit, I just want to perfect my system at the moment. EURUSD It started going down with force, but I think I see divergence, and support is not that far, what is going to happen? I will keep an eye on it, maybe open a small trade. GBPUSD All this RSI divergence... Yeah it is still pointing down, but the donwtrend slowed down big time , could get a reversal. I probably go long based on several factors. We will see when we get there. Depends on idk news several indicators fibo etc. USDCNH Keeps getting divergence on the daily, what is it with all these divergences? Moves are weaker because big players are on vacation so there is divergence everywhere? Well anyway, it is aiming for ath overbought on the weekly, if it keeps going up with more and more divergence I will bet on the Yuan, pretty good odds I believe. My main favorite strategy is going with trends, really, but here we keep seing this stuff so I just have to go for the counter trend trades... USDMXN Just join the downtrend if possible. I have not seen a trend to join in such a long time, I do not even know how they look like, can't tell for sure if that one is good :o Seriously. USDTRY Well there is hope for the Lira bagholders. They were featured on bagholderquotes (twitter) a while ago, there are quite a few Lira bagholders :) If pepperstone would just verify me after 2 weeks, I could trade it, otherwise spread is too high. Reversal candle on the daily at the top. I could be wrong, but I have a gut feeling this could go very wrong either way... EURJPY Euro getting weaker as we saw at the start of this idea. Against the Yen it is even worse apparently. Going to look to short it on a retrace, either a weak retrace if all my conditions are met, or can be a strong retrace (got to watch usdjpy too...) EURCHF Looks like it is going to bounce. 1.154 has to be a good place to short it I reckon. EURCAD Took a loss by shorting this one too soon last week. Now I see %B divergence on the daily, I am better staying away from this one. GBPJPY Like GBPUSD but magnified. GBPCAD Is %B divergence and an RSI so low enough reasons to go long here? I seriously do not know. Must rememebr to keep an eye on this. GOLD Gold is SOOOO primed for reversal. I want to go long when it drops, but I don't even know if I get that opportunity. Silver I do not know. Waiting on the sidelines. Copper That bottoming thing I posted about 2 weeks ago, it might be over, and the downtrend could continue, but nothing is certain at the moment. Bitcoin Last but not least. I posted about this in my last BTC ideas. It's just the same stuff that repeats itself every 2 weeks. A drop with divergence (long or short it is the same just look at the chart upside down), followed by a second drop, the goes up. Supports / resistances always hold. Rince and repeat. I would call going long here very high probability. Since you know, it just keeps doing the same stuff and this worked the last idk maybe 50 times? In a row.
by MrRenev
Erdogan Wins Elections - Lira Gains. Short Lira On Any Bounce These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts). Find out more. Send Private Mail (PM) to @MasterCharts. #Turkey #lira #elections $USDTRY #FOREX
by mastercharts
6
Turnaround possible in area 7,6 CentAs a pure zinc producer in Turkey, Pasinex benefits from the devaluation of the Turkish lira since it accounts for approximately 80% of the cost in lira, but 100% of the sales are generated in US $. In addition, the price of zinc has steadily increased in recent years, so the earnings situation has also steadily improved. The 50% share of the Turkish joint venture will be used to drive forward the next zinc project through the quarterly CashFlow. This is located in Nevada and is called GunMan. The first drilling is scheduled to begin over the next few days and will be drilled over 4 holes of approximately 900m in length to determine the mineralization levels of zinc from these samples. These results could then provide the reason for the expected increase, but is pure speculation. The geological formations are similar to those in Turkey which today is a very well producing mine. This stock is interesting as a Zocker admixture, however, correspondingly high fluctuation, but this is deliberately taken on the basis of the chance risk ratio. The entry level would be at 7.6 Cents and the target to 12/2019 is 45 Cents. No stop loss is used here. Thus the chance risk ratio is 5.9 to 1. Be careful and take care with moneymanagement if you want to trade that. Greats from Hanover Stefan P.S. If you like it, then Like it and if you have questions, write it down :-)
FWB:PNX
by StefanBode
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