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USDTRY

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
Bullish Pennant Over Weekly 50maBullish pennant will be broken until 31 December. Market will decide the way. Lira had spent enough time to heal the manipulation of August 2018. Now the time is up Weekly MA(50) is a strong support to broke. Lira never broke 50 MA powerfully to stay below it for long time Buyers seem more powerful. Please check HL1 and HL2 . They can't wait to buy for a lower price TP1 : Fib 0,618 (6,01 TL) Pennant pattern have many "buy" orders over 5,90 . when it will brake, it will reach to 6,01 instantly. Some will take profit at 6,00. So the price may test 5,92 . but i dont think price will see 5,xx again forever TP2 : Fib 0,786 (6,24 TL ) Buyers of 5,92 and 6,01 will sell off and take their profits at 6,20. so it will take few weeks between 6,00 and 6,20 TP3 : Fib 1,00 (6,54 TL) After some bullish trend lines shaped in chart, bulls will buy at every retracement to test 6,50
Long
by SuleymanCem
USDTRY Weekly analysis Nov 11 - Nov 15Last week USDTRY success break up falling wedge pattern. this is a good sign for bullish. To follow bullish movement, we can buy at opening market, or wait at 5.7329 at minor support maximum drawdown for this pair at major support at 5.6813 In this setup, we have 2 target : 1. 1010 pips at fibonacci resistance at 5.8350 2. 1976 pips at doube top resistance at 5.9322 Notes : bearish will perform if major support break down. Good luck, may profit be with you
Long
by AzrulAzir
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_
USD/TRY Long PossibilityThis idea is for demonstration and educational purposes and does not constitute a signal. If you enter, you do so at your own risk. Please use your confluences before considering an entry. Price resting at key level in the market; on lower timeframe we have a descending wedge. WATCH for bullish impulse to the upside before entry. Current price action is kind of weak; we want to capitalize off of high volatility in the market especially because this is an exotic pair, with likely higher spreads depending on your broker.
Long
by mrsceleste