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Turkishlira

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).
Long
by MrRenev
1
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.
Long
by Anpu
1
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.
Long
by Noldo
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!
by sirkamal
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!
by Snipers-Academy
2
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.
by YBearBull
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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
2
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.
Long
by Edgy_