USDTRY is ready for short... or might be... USDTRY is going down again from all time high? I would short it with 0.01% of my account. Main concern is the situation in Turkey.
Turkish
Approaching To the Target Zone.. USDTRYTriangle target zone wiil be reached next week maybe @night or @day.
This strong mono wave can be reached its target.
Watching carefully
GooD Luck
usdtry turkish lira big shortExpecting USDTRY to complete C at around 3.39-30 and then start a new rally heading to 4.50++ We are at about the end of B. This will work as long as it doesnt go over last high at 3.9421. If it does, this analysis will be cancelled and will look for a new high at 4.25-30
Turkish Lira gave a devaluation signal on the monthly chartTom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend.
Weekly and daily charts confirms this as well.
Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns.
In the upcoming weeks or months a major devaluation of Turkish Lira is possible.
Cypher Patter TRYUSD i think the cypher pattern has began to form on TRYUSD market
i have started a trade at 3.62 and waiting for next week as i think it will bearish till 3.58 and ultimately to 3.54
will update you
USDTRY may stop at 3.35- Trend dynamics support 3.35 but lower levels are less likely.
- The potential uptrend will be defined with the key topics (on the chart).
Eur/Try ~ Head & ShouldersBefore the next positions, we have here H&SH space for sell and TP some pips.
After trand will finish this structure, please watch the Support & Ressistance channel levels.
See you ! GL :)
EUR TRY * BUY SETUPHere you can see my last ideas, on my channel!
www.tradingview.com
this days, most of them was Profitable. (y)
What will happen with the TRY till the end of the year 2017After a longterm Anelising of fibs / HVF/ waves and other instruments, a came to this conclusion .
It can take longer some longer , but not much .
REBOUND from Strong SUPPORT and OVERSOLDIt looks like it has reversed from the strong support we have as per chart and RSI indicates oversold. Stop loss below 29 seems a safer option and uptrend will be quite strong. It can go up as high as 32 for now.
Good luck and stay safe!
Rsi daily divergence target 3.6400Rsi daily divergence + overbough daily.H4,weekly,monthly target 3.6400
Turkish central bank (CBRT) cut the FX RRRS by 50 bp in order to boost liquidity.
The central bank has also cut the interbank borrowing limit to TRY22 billion, emphasizing that measures are aimed to tackle the unhealthy price formation.
possible movement of USDTRY in the coming weekbreaking the line above, will take the usdtry till 3.54 and it would be resistance, probably bearish move will start till 3.47 , if this senaryo not happen USDTRY is likely to move up till 3.60 - 3.70
Possible movement of USDTRY USDTRY is an up bullish move since a month, lets see whats going to happen in near future,
GBPTRY bullish continuationI am looking to add more exposure to GBP investment, I already have Gbp/SGD now adding agressive to Gbp/Try
USDTRY - Could this be the end for the USDTRY crazy run?Chart is self explanatory - Now that we have hit that orange non-linear trend line we are very likely to see another move down ESPECIALLY given the extent to which the dollar is currently over extended.
