USDTRY
USDTRY Technical Analysis (Crab Pattern)Hi All,
This is not investment advice..
Each bar is one month..
the most important resistance is 6.21x independent crab pattern if the price breaks this resistance I will not care anything apart from AB=CD (miminum level)
TP1 AB=CD 6.56477
If the crab pattern works, AB=CD (level) is minimum requirement ----> 6.56x ( if the price action does not reach this target , pattern is invalid )
TP2 1.27AB=CD 6.86713
TP3 1.618AB=CD 7.25403
Terminal Bar 1.618 XA= 8.28x
Potential Reversal Zone is between 1.618XA and 1.902XA )
3.618BC=8.33
1.902 XA = 8.845
Flag target = 9
Good luck
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!
USDOLLAR Ascending inverse scallopAscending inverse scallop, looks like the short term drop has already begun, looking for bullish continuation.
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
AUDJPY - SELLDetails on the chart---wait for the perfect BO and enter the trade.
Pipdify,
Tamilkumar
OANDA:AUDJPY
USDTRY 4hr 0.618, AB=CD and supply zone short opportunityA nice carry trade with multiple solid combination!
Always a pair that is worth noticing as the market goes choppy.
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.
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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.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
Symmetric Triangle + Cup&Handle Formation - Graph is tighteningSymmetric Triangle - with forming a higher low as cup's base.
Cup&Handle Formation - if it closes the handle, target is 7.50.
I think it will break up finally.
Bullish.
USDTRY : SHORT (TF = 4H )USDTRY parity is just below the resistance, I think this parity will rise in the long term.
But here we are in a profitable region as a risk / reward ratio, I think it can be tried with very small position sizes.
Recommended parameters:
RISK/REWARD RATIO : 1/2.86
POSITION SIZE : % 1
STOP-LOSS : 5.72875 (Close over this level )
GOAL : 5.58257 ( Minor support of USDTRY 4H )
