USDTRY
USDTRY - Long Breakout?We caught a great trade from March going long (Profit/Loss Box Remains)
I just don't see the economic situation getting better anytime soon for Turkey.
I am actually living in Turkey currently, it's a lovely country with wonderful people, food and and and....
I see the break north, on a technical level the "Rising Wedge" pattern illustrated.
Keep on trucking! or trading whatever...
1% Risk, 2:1RR
USDTRY 4H (8.43 is important price to create stable direction)In the previous idea we said stabilizing above red slope line will get upward.
So now the price made a full stability above red slope line, if can’t break it will get the blue circle,
But break this line will be a strong downward,
———-
Tendency: upward
Entry: above 8.46
TP.: 8.56 & 8.75
SL.: stablize unde 8.40
Note to My Self:USDTRY(Reloaded)It has not completed its move yet, but I expect a rise and then a fall. If the decline occurs without the rise, I don't think it will be permanent. Progressive to the probability of retesting above the trend by trading incrementally, and the likelihood of an upward acceleration up to $ 9. I plan to take profit in each region and collect it again at support points.
It is not investment advice, make your investments together with banks and intermediary institutions and experts in the field.
Note: The edited version has been reloaded because it violates the community rules.
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.4295).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 8.4585
TP2= @ 8.4850
TP3= @ 8.5110
TP4= @ 8.5510
TP5= @ 8.5855
SL= Break below S2
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💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.4295).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 8.4585
TP2= @ 8.4850
TP3= @ 8.5110
TP4= @ 8.5510
TP5= @ 8.5855
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Buying Opportunity in USD/TRYHi everyone, bearish movement could be happened soon. There is an formation of wedge shaped ascending triangle over the trend line also there is an strong resistance around 8.50.
Price could be hit around 8.24 for short period of time which is an nice entry floor for a long term profit. In my view it is almost impossible to touch 8.00-7.90 level without any significant increase of interest rate.
USD/TRY bearish break out might happen soon!Hi every one
USD/TRY
USD/TRY has formed a rising wedge this means there is a strong chance that this instrument would decrease It's price soon! there is a strong resistance at the top of the wedge(shown in the picture) so our guess is that the price would reach the top of the wedge and after that the price would start to decrease! (the support levels are shown in the picture)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
USDTRY 4H & 1D (take care of slope line)hello guys,
on the 4hours candles:
now if the price can't breaking the slope line will get a blue circle 7.99, but We should care for breaking the important price of 8.46 because If break 8.46 I think will get a historical price of nearly 9.00
but if the price look at the down and break the slope line surely we can get Red Circle 7.99
On the 1D candles:
here we have some important price if the price broke 8.46 and stabilize there will get 9.40
but if the price broke 7.98 for down and stabilized there will get 7.50
USDTRY 4H (wait to stable above or under 8.327)In the previous idea, we got the target,
we said will we got the 8.38 the price got the 8.37 exactly so now the price has down,
we should take care if stable above 8.327 we can buy again till 8.38 and 8.50
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if the price stabilize above 8.237 will get up
but,
if stabilize under it will be downward till red lines
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my previous idea about TRYUSD on 5May :