USD/TRY Long SetupAs we see from the chart its consolidating right now. Volume is too low now because Turkish markets are closed. When volume will go up price will also jump to 0.62 Fib Level
TRY
USD/TRY lira potential scenarioA lot of political activity happening on this pair. Technicals are quite strong, further bullish outlook if it breaks 7.
Economic Warfare? Lira in 4H equilibriumHello my dear Lira traders! :)
Fundamentals: The language between the US & Turkey is getting harsher. National security advisor John Bolton came out and said that Turkey is making a huge mistake by not releasing pastor Brunson. Ibrahim Kalin, spokesperson for president Erdogan, is now speaking of 'economic warfare' against a NATO ally.
Technical Analysis: We're in an equilibrium between the ranges of 6 & 6.2. Should we break higher, we have 6.33 as the upper wick of the previous move to take out first.
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
LIRA CONSOLIDATION -IMF HELP GETTING DISCUSSEDHello my dear USD/TRY traders, hope you're doing fine guys! ;)
In today's video, we're gonna be looking at the fundamentals, and will analyse the pair in the end. Important was:
-Trump is not backing
-Also the FED is concerned about the rapid collapse of the Lira
-Sigmar Gabrial (former German foreign minister) & Andrea Nahles (current chief of the German Social Democrats) are bringing economic help for Turkey to the table
-Mesale Tolu, German-Turkish journalist, who was released from prison, may leave the country
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Regression analysis from break up candle.New trend formed. Recent manipulations won't change the target. 15 years of economic deficit releases the energy. Although short term actions suppressed the trend, Turkey hasn't changed it's economy policy. The results will be seen on the chart soon. The reason for plunge in TRY isn't Bruson or any other reason but the wrong economic policies. Sanctions and problems with US only changes the speed of the surge. In the intermediate run i can see clearly that the USDTRY will remain over 7.5 and maybe 10ish soon. I hope Turkey can figure out a way from the hole they dig. The most likely the solution is lowering the wages and salaries. Reducing the expenditures and stop doing constructions with a pledged profit. At this point, borrowing money and using this money for manufacturing, tourism and agriculture can be a solution. However, the political environment has worsen recently. Foreign investors escaped and not planning to return. The country listed as 150th safe place to visit in spectator index. So far, the policy that they devoted their life was played a major role for recession. Now higher interest rates won't be able to stop it. Very high inflation levels are coming. Unfortunately, tax payer citizens will suffer very badly. I almost dropped tear during the economic fall. But the economy is no joke and doesn't care about feelings. I hope to analyze the chart in the reverse fashion in the future.
USD/TRY LAST FIBONACCI RESISTANCE - ABOVE THAT LEVEL IS THE HELLI truly hope for the Turkish people that the turkish lira will not go over that Fibonacci resistance, or their bank system will truly risk to have a meltdown
New trading up channel!Very low risk and high reward trade idea!USDTRY formed an new and higly volatile strong up channel! Recent surge was bounced back from 38.20 % fibbonacci level. Long from there with a risk reward ratio 25! The stop loss is just below 1%. Short at old highs until seeing a reversal signal probably from 20 EMA and around 50% fibonacci level. This can happen soon in August next week or so.
USDTRY Shortgoing to take a punt here
- Happy to lose a little here ;)
- profit was good long, will risk 3% of yield at price discovery spec
- Volume Profile favours `gravity
13/08/2018 TRY/USDTRY continues falling aganist USD due to Turkey’s financial meltdown.
www.bloomberg.com
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
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
TRY - The only thing that mattersThis is really contagious. After the news about Turkish banks’ swap, the panic spilled over to other EM pairs. USDZAR traded up to 15.70. USDMXN rose to 19.35. This panic has caught attention of some Asian central banks.
USD/TRY oversold DeMarker Chart the S&R wait for the breakdown and fractals and MTF ema tux confirmation
Turkish LiraThis is not a trading advice.!
Just my opinion about turkish lira in couple of months, maybe more close.
TRY - No Help from ErdoganErdogan speaking publicly for the first time since the TRY rout started (years ago).
His comments are not being appreciated by the markets. Quite a closed mind it seems, and an aggressive posture against
the international community. This will only exacerbate capital flight from Turkey.
THE MOMENT, WHEN THE TURKISH LIRA BECOMES A CRYPTO ASSETNothing needs to be said guys, it is just sad watching this. 6% loss just today.
TRY Driving Flight to QualityThe 10-year Turkish government bond yield rose 24 basis points to 19.91%, a record high. The ECB is starting to worry about European bank exposure to Turkey, which is on the brink of hyperinflation due to Erdogan's dictatorship. Capital is fleeing the country and the market is showing a flight to quality today with aggressive USD buying and Jpy buying.
Bullflag > Turkish PresidentHello guys, hope you're doing fantastic! ;)
In this special analysis, we look at the fundamentals of what is going on with the Lira, why it's losing so rapidly in value, and also the big picture on the weekly chart. Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
