USDTRY - IT'S NOT THE BEST TIME TO BUY..It may goes up or not but what I can say that it's not the best time to buy.. the last best time was on February as you see on the chart.
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USDTRY
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (8.24484).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 8.31443
TP2= @ 8.36158
TP3= @ 8.39922
TP4= @ 8.44257
TP5= @ 8.48527
TP6= @ 8.60000
SL= Break below S2
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Now, It's your turn!
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (8.24484).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 8.31443
TP2= @ 8.36158
TP3= @ 8.39922
TP4= @ 8.44257
TP5= @ 8.48527
TP6= @ 8.60000
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 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 ❤️
Where to USDZAR?Hi traders. I am really not sure about this pair please write your comments below.
USDZAR has a positive correlation with USDTRY. I have been looking at these currency pairs since yesterday and I went short USDTRY. Why would Gold, Silver and USDZAR all go up while USDTRY go down? Shouldn't USDZAR go down also?
USDTRY 4H (Prepare to broke the record) Timeframe on 4h:
In previous idea we said the turkish lira will be destroyed and will get the 8.41 then 8.53 till now breaked 8.41 but now we will wait to get 8.53
1.Stabilize Above 8.3800 will get a new price upward
2.Stabilize under 8.3700 will get down till the channel
USDTRY 8.12199 + 0.5% LONG IDEA * BREAKOUT , PRICE ACTION & STRUHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / TURKISH LIRA .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - INTRA - DAY TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDTRY 8.07605 + 0.16% SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / TURKISH LIRA .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
some rules on exits & entries hope they help.
1. look at structure be it descending channels, pennants and so forth basically price action whats price doing.
2. If you use indicator determine does it align with your play e.g is it overbought/oversold where there market is it in a pull back to structure or continuing does price alighn with your indicator.
3. entries from 30M , 1H, 2H & 4H time-frames the higher the time-frame the more likely it will end up swing or long term.
4. aggressive trades can be executed on the pull back / or at ranges of structure that's when you are a scalper or your trade are Intra - day based
5. price action must definitely align with the plan.'
6. structure definitely
7. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
That's basically entry & exits plan basic guide lines
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.