USDTRY - Elliott waves All Times...IDEA
If I am wrong please correct me....
FIRST TARGET 3.07 THERE IS A RESISTANCE. WE WILL SEE BREAK OR NOT...
I had a request from a friend to analyze USD/TRY: On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves. Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us...
English : Right now USDTRY stuck at 0.382 fibonacci (july 2014 low) and also as 61.8 (oct 2014 low). We can take bullish position using risk/reward ratio 8 with SL at new low at 2.2133 and profit target at 2.2969 at fibonacci 1.272. If support level break down and success perform new low, bearish will continue using risk/reward ratio 4.33 with SL at 2.2231 and TP...
HISTORY WILL REPEATS IT SELF (request analysis from esene) English : It is very interesting to see a repetition of history at USDTRY , not only for the bullish trendline, but also happening on break up once every two years in april, and highest level reach every end of January or february If this trendline break up at april 2015, bullish target at any price on...