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USDTRY

#USDTRY #USDTL #USD #TL $ #ELLIOTWAVEusdtry elliottwave perspective view Alternative 1) If it sees around 6.50 (green area) and turns up and is permanent on the red line (above 7.30), the rise started. Alternative 2) If it falls below the green area, it sees around 6.00 (pink area), the rise begins. 7.30 is also important in this. 7.30 must be exceeded for real rise. Alternative 3) Cannot hold in the 1st Pink area. It falls to around 4.50 (2nd Pink area). After this fall, the journey to AY begins. my favorite 2nd alternative
by elliottwave_auc
USDTRY: WeeklyAs you see, current bullish move was already predictable from October 2019 using TD (DeMark) breakout projection no. 2. Now, price is facing very strong support - May central pivot range (CPR), May Camarilla S3 reversal level, yearly classic S2 pivot, yearly Fibonacci S3 pivot (did not plot the last 2 to have it more clear - but they are there) all at same point, confluence with May S3 reversal level. If this level holds and price is rejected, what is also possible, it will bounce up and continue in uptrend or range above monthly CPR. If price breaks through monthly pivot range, as it is moving quite decisively into it and we have got that weekly pin bar reversal on top, short trade may be taken to former yearly roof R4, now support. At any case May CPR (I highlighted it black) is a fulcrum which holds the price now. If it is pierced through, that is it. After reaching highs, Turkish lira makes those descending ranging tails. What might be a scenario here. But there is a concern - price missed April pivot and April CPR, did not even test those. Such things occur at the onset of strong trends. Next month (or be it a day, week, depending on chart) price pulls back to the pivot and continues higher. So it is very important what happens at May CPR (that highlighted black zone). Price should move lower and touch S3 - May pivot. Then we will react depending on how it will behave after that. S4 is May floor. May roof R4 was pierced, that should be noted too. THIS IS NO FINANCIAL ADVISE. FOR EDUCATIONAL PURPOSES ONLY.
by ICFX
1
USDTRY 4 hrsI would consider buying USDTRY before the European session starts tomorrow morning 6-7 am UTC when spread is the smallest. The move is likely to end CAM R5, we broke the April roof. By the end of April we should be at ca 7.255. There also other technical reasons for this on which I will not elaborate. This pair has very high spread in the night and it will not move in the night much anyway. This is no financial advise. Top Absolute Correlation 4 hrs 1 USDTRY - USDZAR 93.0% 2 USDTRY - USDCNH 92.2% 3 USDTRY - USDCAD 91.5% 4 USDTRY - ZARJPY -91.5% 5 USDTRY - EURTRY 91.3% 6 USDTRY - EURZAR 90.8% 7 USDTRY - SPA35 -89.6% 8 USDTRY - CADJPY -88.5% 9 USDTRY - BIO30 88.3% 10 USDTRY - CNI30 87.9%
Long
by ICFX
4
USDTRY 1D long idea Important ! Any SWAP agreement with international central banks, such as ( FED , PBOC ..) . or any IMF agreement ( even it's a very very weak possibility ) will make this analysis cancelled > This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price movment behavior which may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your own vision . To protect the capital and manage your trades and trading successfully the maximum loss in each trade for the same pair or commodity in the same direction should not exceed ( 2% ) of your trading capital . Good luck >>
Long
by Golden_Spiral
2
USDTRY World Class Capture by Harmonic TraderHi all, That is not investment advice, All the details whatever you want is given linked below (19.12.2019) ---> price action is 5.91 and second link is date on 18 March 2020 (AB=CD confirmation) 05.05.2020 --> price action is 7.08x on USDTRY --> Crab is working on it on RSI ---> Cypher is working on it From now on especially from this week my main expection is take a break for price action on 1.618AB=CD 7.25x level because of expecting pullback AB=CD (6.56) if the price action does not shame me my work will hit %100 accuracy Pay attention to timing for my work For your info. Harminc Trader
by bariscoskun
#USDTRY LONG.. We have been observing a horizontal trend for a while in USDTRY.. In the four-hour chart, we see the ascending triangle pattern.. The falling wedge pattern is clearly noticeable in the RSI, and if the pattern works, the upward price movements may harden and the peak point of 7.20 can be tested.. Also; I think the reference values (54) and (45) in RSI are very important in the short term, these values ​​can be considered as an important indicator in terms of price movements.. Moving averages (ma5, ma8 and ma13) and gator are about to return to positive, it seems highly likely that the correction wave will remain short again.. My personal opinion; In the direction of price movements in USDTRY, the impingement will show a sharp upward break after a while and 7.20 peak point will be tested in the near future.. Disclaimer: Not investment advice.. Please do your own due diligence when it comes to forex-trading.. Invest at your own risk.. I wish you all the best..
Long
by OguzhanSengor