USDTRY - Turkish Lira - USD will show its strength hereUSDTRY is following its yearly trend, as of now it should go much higher - $7.3-7.5, then we could see some correction, but in future probably $9 will see
Turkishlira
USDTRY, Where to Buy?We can open Buy after the breakout and pullback to the Support/Resistance Zone.
The trend is bullish now, that's why it's a huge chance the price will continue to rise.
Potential profit will be 3 times bigger than the risk.
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Emerging markets taking a poundingWhile the emotional crowded is full focussed on the S&P, CoronaVirus, Crypto, "exotic" currencies are all dropping hard.
Economic slowdown ==> The poor end up in the street first.
Turkish people really hate it when I call their country a third world country. They are in denial poor guys, and have been for decades.
Just the way it is not my fault. Parts of europe are too, greece, portugal african country at this point, spain on its way, then the rest of europe. RIP.
The monthly chart is pretty clear... It would be pretty nice to get a retrace I only do reversals.
I think I understand how going with the trend is, it is much much more forgiving but you very often get small reward to risk.
This is not financial advice but it's looking like it is just going to continue and continue and continue.
If you long this pair there is big interest against you... Kinda ruins it I feel.
In the short term there may be some explosive moves to buy, idk...
I guess I was right the first time:
Other ones
I bet when normies / plebes start hearing of those, or seeing how much they moved they'll get all excited and there will be an assault of legions of reptilian brains and wild moves in random directions, but for now they are rather tame with normies focussed on coronafartinthewind, maybe still brexit a bit, crypto still, and "CO2 is a pollutant" joke of the millenia (Tesla in particular).
Real speculators want tame markets, predictable and calm (well volatile but not hysterical).
Losers chase the most emotional markets they heard about on the news.
I am here to make money, not to talk about the latest popular fad with my family or friends (don't have any).
Turkish Lira is ready for upliftSymmetrical triangle violated ---- check
Fib level 0.705 taken out via double bottom ---- check
Upside previously tested via long wicks ---- check
Fundamental (news, macro etc) ----- check
Where do you think $TRY is going soon?
Not financial advise, course.
USDTRY | Ascending TrianglePlease support this idea with LIKE if you find it useful.
Price formed an Ascending Triangle, that is a bullish pattern. We can initiate a long position if there is a confirmed breakout of Resistance level.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
USD/TRY Short term levelEven though financing rates against Lira are quite painful, we believe it will take a day to complete this. Last time we spotted the move down even though we got stopped.
Entry: 5.875
Stop: 5.835
Target: 5.93
Have a nice week! Follow for more.
USDTRY : Long SetupLooking at the Turkish Lira's developing MSCI Emerging counterparts, it was very fragile in a financial quarter of time, and 10-year bond yields did not increase.(TR10Y)
This could make the Turkish Lira vulnerable to attacks.
Although this analysis includes a low Risk / Reward ratio, I have shared it as a roadmap for lower time periods.
Because the risk / reward ratio can be much more profitable in lower time periods.
For the detailed information of analysis, don't forget to look at the related ideas, I wish everyone a happy New Year.
Parameters :
Risk/Reward Ratio 1/1.17
Position Size : %1
Stop-Loss : 5.7997
Goal : 6.124
NOTE :
I'm still a fan of this analysis in the lower timeframes for lower Risk/Reward Ratio with decreasing Stop-Loss percent.
If I get a signal about this, I will definitely share it, and wish everyone a happy New Year.
USDTRY AnalysisHey Traders,
I hope everyone is having a good time as the year is ending and new one is beginning soon; I saw this market or the dollar-Lira which the market has broken the resistance area and then retested, if the market holds above this level and the breakout turns to be real one, then the Lira is going up, my target is the second resistance area which the wig the market made 26th of Aug this year. however, if the breakout turns to be a fake breakout, then the market is gonna sell-off around 5.80 as my level of support, then the market will decide where to go then.
Here is the trade setup
Scenario 1: Long Trade Setup
USDTRY Buy at 5.93133
Stop Loss at 5.8960
Target Profit at 6.03960
If market movement is now fake and the current support area is broken, then the market would turn into short and here is the second scenario for it:
Scenario 2: Short Trade Setup
USDTRY Sell at 5.88000
Stop Loss at 5.9580
Target Profit at 5.8000
Good Luck and happy new year!
EUR/TRY needs to buy fuel from lower pricesThe main trend is a very strong upwards however it's time to take some fuel from lower levels.
Entry: 6.593
Stop: 6.63
Target: 6.52
Have a good week.
We catch USD/TRY needing a correctionJust like our EUR/TRY idea, Lira looks bad in the larger frames but not before taking this correction.
Entry: 5.943
Stop: 5.965
Target: 5.86
Have a nice week.
USDTRY | Triangle Breakout in Daily Chart ..!!USD/TRY (Update)
Ascending Triangle Breakout & Retest Done in Daily chart so Keep Your Eyes on it.
I'm Expecting Uptrend in Coming days if Hold the Current Support.
Target is Mentioned in the Chart. (Previous Top)
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EUR/TRY trend turning upwardSuddenly, the Turkish lira is experiencing accelerating weakness. EUR/TRY, for example, has been spinning higher lows and higher highs include this week's fresh breakout. These runs usually continue until some dramatic flourish with the Turkish lira losing a LOT within minutes. I won't be surprised to see a 10%+ move in the coming weeks. Note that those climactic moves are often fadeable.
Forex USDTRY 1DUSDTRY is bullish, moving in a rising channel and intertwined patterns&the probable of the Bearish Bat Pattern D leg's levels.. seems likely to rise probability on the medium-long term. Good luck!
USDTRY Bullish Forecast
Turkish Lira has finally broken above 5.8 resistance level.
Now we can expect further bullish continuation to higher structure levels
5.85
5.90
PENGUINS PLAY WITH TURKEY THIS TIME:) USDTRY 7/12/2019Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
USDTRY, Look at this TRIANGLE!Looks like the Turkish Lira accumulate it's power for next jump.
I will watch for the next movements of this instrument and if I'll see accurate entry point I will make an update.
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No need to write it in PM.
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Watch for breakout ons USD/TRYWe have identified a triangle in FX:USDTRY that is meeting all criteria:
Shape :Triangular. Prices move between two converging trendlines.
Trendlines : Two trendlines bound prices; the bottom trendline slopes up and the top one slopes down.
Crossing : Price must cross the pattern from side to side, filling the triangle with price movement, not white space.
Touches : Price must touch one trendline at least three times and the other trendline at least twice, forming distinct valleys and peaks.
Trading tips:
Compute the height from the highest swing to the lowest swing in the pattern. Add it (upward breakouts) or subtract it (downward breakouts) from the breakout. The breakout starts with strong price action.
Usually, pullback leads to a losing trade.
GBPTRY: Short opportunity within a Descending Triangle.The pair is comming off a rejection on the Lower High trend line of the 1M Descending Triangle (RSI = 60.943, MACD = 0.510, Highs/Lows = 0.000). Based on the previous Lower High made and the RSI it traded, we are expecting a stronger decline towards the previous low. Our sell Target Zone is 6.87000 - 7.00000.
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Turkish Lira: Big Break Is Coming!Hello dear Forex friends, and welcome to this Turkish Lira analysis! ;)
A big break is coming for the USD/TRY, since we're tightening for 1 year after we had reached 7 Lira. Have fun watching! ;)
If you had some value from our analysis, give it a thumbs-up & comment it, because the mechanism shows our analysis to other people then. Make also sure to follow us so you get notified on our analyses! I wish you a good trading! :)
Edgy is providing online education & indicators only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
USDTRY - LONG (Gradual)Our risk / reward ratio is 0.28 in the first field and 0.09 in the second field.
There was a close above 5.84.
Long positions can be tried in small lots.
However, losses can be a bit high since the bar cannot be sure without closing, so stoploss should be placed directly at 5.81 or 5.84.
Our sales level for the first area is 6.095.
If the first area breaks down, our sales level is 6.56.
