Get started

USDTRY

USDTRY : Long SetupLooking at the Turkish Lira's developing MSCI Emerging counterparts, it was very fragile in a financial quarter of time, and 10-year bond yields did not increase.(TR10Y) This could make the Turkish Lira vulnerable to attacks. Although this analysis includes a low Risk / Reward ratio, I have shared it as a roadmap for lower time periods. Because the risk / reward ratio can be much more profitable in lower time periods. For the detailed information of analysis, don't forget to look at the related ideas, I wish everyone a happy New Year. Parameters : Risk/Reward Ratio 1/1.17 Position Size : %1 Stop-Loss : 5.7997 Goal : 6.124 NOTE : I'm still a fan of this analysis in the lower timeframes for lower Risk/Reward Ratio with decreasing Stop-Loss percent. If I get a signal about this, I will definitely share it, and wish everyone a happy New Year.
Long
by Noldo
USDTRY AnalysisHey Traders, I hope everyone is having a good time as the year is ending and new one is beginning soon; I saw this market or the dollar-Lira which the market has broken the resistance area and then retested, if the market holds above this level and the breakout turns to be real one, then the Lira is going up, my target is the second resistance area which the wig the market made 26th of Aug this year. however, if the breakout turns to be a fake breakout, then the market is gonna sell-off around 5.80 as my level of support, then the market will decide where to go then. Here is the trade setup Scenario 1: Long Trade Setup USDTRY Buy at 5.93133 Stop Loss at 5.8960 Target Profit at 6.03960 If market movement is now fake and the current support area is broken, then the market would turn into short and here is the second scenario for it: Scenario 2: Short Trade Setup USDTRY Sell at 5.88000 Stop Loss at 5.9580 Target Profit at 5.8000 Good Luck and happy new year!
by sirkamal
ridethepig | USDTRY 2020 Macro MapWith the year almost up, a good time to update the USDTRY chart. Smart money has been tracking Turkish rates, the short end has been screaming weakness and markets not interest in any more BS with the dictator in charge. S400 remains a thorn in the shoe and blackmailing to close NATO bases is leaving a nasty aftertaste. For those who have been tracking the previous swing, the underlying Lira weakness is set to continue over the coming years with an eventual grind towards the widely tracked 7.8xx target since 2018. Expecting markets to remain on the back-foot as long as Erdogan remains at the helm, this will dislocate from the USD devaluation as simply the TRY side is far weaker... all short and medium term flows will lack follow through so targeting 6.00 in Q120, and 6.50 in Q420 seems reasonable. For those really wanting to stick the knife into the bearish TRY story 7.80 in 24m. Thanks for keeping the support coming with likes, comments, charts and etc. And as usual the comments are open for all.
Long
by ridethepig
5
USD/TRY SHORT IDEA - PULLBACKThis trade idea is for demonstration and educational purposes only and does not constitute a signal to enter an order. As we look at this pair, we see that price exhibited a strong break to the upside out of a bullish pennant as noted. Price is approaching a key zone in the market. According to market structure we can expect a slight pullback. As I study this pair, I am watching price action around this key zone as noted for indication that price will reject this zone. In the open of market this week, I am looking for price to exhibit a bit more bullish movement towards the key zone as noted. After which, my inclination for this pair is that price will pull back to at least the lower key zone as noted before continuing up to higher highs. This zone also offers trendline confluence. Again, please note that before entering a sell we want to watch price action around this key zone for indication that price is rejecting this key zone, and pulling back. If rejection does not occur, this idea becomes invalid. This pullback idea offers a possible 100-125 pip move. Please like and follow this post for updates.
Short
by mrsceleste
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
Long
by bariscoskun