Turkish-lira
USDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERNUSDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERN
USDTRY Hitting Support? Reversal Pattern for next week?I believe that USDTRY will remain strong and most likely will go back to an uptrend next week...
Trade of the day. Buy TRY in the rangeIn descending triangle, perhaps wait for confirmation with MACD crossover before buying.
Overnight premium is very attractive.
USDTRY: Will Long Support Result In New Heights?USDTRY is nearing Large Supports (2.91 - 2.88) and Resistances (3.00 and 3.06). It is inevitable that it will eventually break out, but to which direction? USDTRY has been in a Longterm Uptrend for years now, and if the support is broken, it may jeopardize this trend and lead to the downfall of this currency pair. I believe that gramci_2's Pitchfork concept may hold to be true and that the midterm uptrend channel ( invst.ly ) may remain strong, but in case of a breakout, it is destined to meet with Long Support. If this Support is to hold, it may result in a similar movement of last month unless the 3.06 resistance breaks (see Elliott Pattern). Else, if the support will break, I believe it will translate to a downtrend for USDTRY. Do you agree?
USDTRY - 1W IDEA ELLIOTT WAVES of 3-th bir elliott waveUSDTRY - 1W IDEA Finnish 2-nd ELLIOTT WAVE of 3-th big elliott wave... Will make 3th wave
USDTRY - Ascending Triangle, AB=CD, Head and Shoulders 1W IDEAUSDTRY - Ascending Triangle, AB=CD, Head and Shoulders 1W IDEA
I think there is a 3 target point.
First target 3.0920
Second target 3.1455
Third target 3.1735
USDTRY Continuance, maybe...USDTRY Continuance, maybe... There is a political games in Turkey and region. Keep following crude also.
Hang in there holders of Turkish LiraAs you can see by my chart, every time the price has hit the top of the linear regression, and 0.04 on the MACD, the price has reversed back down again with the CCI, DeMarker and Stoch RSI gradually falling back into their respective channels. Without consideration of any further shocks to the market, I think that political instability, the conflict in the south and east, I believe these factors have already been built into the price. I dont' believe the price will fall back down in the next few days, but probably drift lower over the coming weeks with the price potentially hitting 3.20.
The overnight will hopefully make baring this loss a little more bearable and a small short at the top of the resistance line should be considered to mitigate open losing positions.
