Turkishlira
USDTRY Fibonacci Channel Idea.Possible Fibonacci Channel in which the price is about to clash with support. Incase of a break under 2.88, it would be unwise to hold a long possition until proper support were to be met
USDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERNUSDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERN
USDTRY Short Term Sell?My Idea (More-so speculation) on what might possibly occur based on the short - mid term. Short Limit 2.9950, Stop- Loss: 3.00600. Take-Profit: Meh? Indecisive. If 3.0050 is broken, Buy Stop: SL: 2.97, TP: 3.0550
Trade of the day. Sell EURTRY on MACD crossoverThoughts on Chart.
Although after a period of consolidation the price can go either direction, my bets are on a move down. Here are the reasons.
1. MACD crossover.
2. Downwards trending 100 MA.
3. All factors that have damaged the price have already been factored in. Unless war breaks out, I'd say a drop is likely.
4. Buying Turkish Lira pays very well. Great overnight swap.
5. Price has seems to hit resistance at 3.35
Perhaps consider shorting once price drops below support at 3.2785
