Get started

TRY

USD/TRY: Still In Channel! But Non-LinearHello dear Turkish Lira traders, merhaba arkadaslar! The last time we were looking at this analysis: => We can see that the bulls couldn't break the horizontal resistance at 5.78, so we broke the bottom at 5.67 and since then we're still in a downtrend, albeit that the market doesn't respect it much with linear trendlines. => Non-linear moves happen very often in charts, especiall after expontential moves: it is something that I'm personally very interested in observing. Have a look at this example from the stock world that I just analyzed: Conclusion: We're still trending downward, and sometime we will see a breakout coming to the upside: When this happens, we will further tighten, as you can seee best on the Weekly chart: If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Selamlar, Deniz from Edgy Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
by Edgy_
2
EURTRY | EURO/LIRA Short on CorrectionSelling Lira because the overnight funding you sometimes get is just insanity! On my broker I get 0.05% on my LEVERAGED position... PER NIGHT! That's 1% in just three weeks! For example I sell a position for $1000 which is leveraged x100 = $100,000. I get $1000 in just three weeks which is my initial investment, this means I make 100% ROE in three weeks if market moves sideways. The technical analysis actually says it probably goes down. Insane. To the technical analysis: Wait for correction to next weeks central pivot point or 21/34 EMAs then SELL and HODL.
Short
by MarcsPal
USDTRY updateThe technical rule set I've set up hasn't triggered a long call just yet but, if the USD can close above the trend line at ~5.715 it will. With the CBRT announcing it's rate decision in two days this could be the start of a substantial move up given the heightened political tensions between Turkey and the EU over drilling in Cyprus and looming US sanctions for their S-400 purchase. Downside risks would be a hawkish surprise from the CBRT on Thursday with a dovish surprise from the Fed following a week later.
Long
by austrian_trader
2
USD/TRY: Double Bottom If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
by Edgy_
USDTRY LONGTHIS USDTRY SETUP IS AN OVERLAPPING TREND LINE AND 200 EMA TRADE. SINCE TRY ,HAS A INCREASED VOLATILITY ESPECIALLY WHEN POLITICAL UNCERTAINTY RISES , IS AN ADVANCE CURRENCY TO PLAY WITH. SO, I AM GOING HERE WITH ZONE ESPECIALLY FOR THE ENTRY AND THE STOP. YOU CAN PICK YOUR EXACT ENTRY REGARDING TO YOUR RISK LEVEL. I AM A HUGE BELIEVER THAT THIS PAIR CAN GO ONLY UP IN THE LONG TERM IT IS HARD TO BENEFIT FROM THE SHORT TERM MOVEMENTS. THIS IS MY GAME PLAN FOR A SHORT TERM USD WEAKNESS. 1ST ENTRY- 5.5905 (TREND LINE SUPPORT&200 EMA) 1/2 POSITION 2ND ENTRY- 5.5505 (ROUND NUMBER LEVEL) 1/2 POSITION STOP - 5.4995 ( BEFORE BIG 5.50 ROUND NUMBER ) PT: 5.7645 (PREVIOUS SUPPORT AREA) PT: 5.6995 (PREVIOUS SUPPORT AREA) M MANAGEMENT: IF ONLY 1ST ENTRY FILLED ,I WON`T TOUCH UNTIL PT(5.7645) IF BOTH ENTRY'S FILLED SCALE DOWN JUST BEFORE 5.70 LEVEL
Long
by Azizserkano
USDTRY Possible Bearish PennantPossible bearish pennant formation on this pair. Note possible trend line confluence as well as 61.8% fib level target. Initial bearish outbreak gave us approximately 200 pips. Breakout to target would mirror another 200'is pips. I do believe long term we will see higher prices, but for short term we have to take what the market gives us. This trade idea is for demonstration and educational purposes. Trade at your own risk. THIS IS NOT A SIGNAL Trade at your own risk. Be sure to follow this idea by clicking the flag on the lower right corner of this idea. Also in your notifications please turn them on to follow the ideas of your followers (me). Please like/comment/follow me here, on Instagram and Facebook (links all below) Happy Trading!
Short
by mrsceleste
2
USDTRY Target reached and much more even :)A textbook trade the previous analysis on usdtry. Showing how easy trading can be sometimes if we are willing to wait for a good setup. As we can see on the left, it respects that big bull flag that i drew a week ago. So we could be closing in on a temp low on the lower time frame. My game plan now is, waiting for a potential inverse H&S with the low in that green support. So waiting for things to play out first and then making an attempt if things look good. Previous analysis:
by botje11
4