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Usdtryanaliz

USD TRY analizI discovered that each time %50 retracement happened. This is an extended impulse wave 5 and instead of 161.80 increase it went up to 261.80% compared to wave 3 length. Or 361.80% compared to wave 4 length. In my opinion 5th wave can not extend more than this. (if it does, it would target 14.70, fundementally it looks not possible now but long term it is possible)This is why it stopped exactly at that fib level. Yes, TRY devalued so much but it still did this with EW rules. I expect correction to at least 11, then 10. From 10 I would expect reversal upside long term. I live in Istanbul so I feel destroyed and no hope left. Economy destroyed by one man. I am very frustrated
by baris3
3
USD/TRY: New Highs Achieved as Turkish Lira Problems GrowNew record highs have been made by the USD/TRY in early trading as the Forex pair has climbed above 10.00000. A look at nearly any technical chart shows the Forex pair has been within the grasp of a long-term bullish trend, and this is not likely coming to an end soon. The question for traders is how the momentum of the USD/TRY can be taken advantage of in the midst of this storm which continues to threaten new heights. Speculators may be able to trade the USD/TRY via their chosen broker, but before they stumble into a speculative winning decision they must consider the costs of the transaction. To accomplish getting into the USD/TRY a trader needs to enter a solid entry level, because the spread in the bid/ ask for the Forex pair may be very wide and deliver unexpected price fills which do not meet expectations. This can create costs which make the USD/TRY difficult to trade and ill-fated. If that criteria can be met, and before even putting on the trade still, a speculator need to find out what the ‘carrying charge’ for holding the position overnight will be if this is needed. In other words you as the buyer of the USD/TRY will be charged a fee for being allowed to speculate with a large sum of money via leverage, and the costs can be high if you need to hold the position into tomorrow and further. If a trader has made sure they can get into the USD/TRY with a solid price point and understands all the fees they may encounter - then it is time to allow the Forex pair to trade. Having broken through the important psychological barrier of 10.00000 is no small feat for the USD/TRY and if this current price level is sustained without a violent reversal, it could indicate that upwards momentum will continue in the near term. There is reason to suspect price velocity within the USD/TRY can turn volatile at any time, however, and traders need to be ready to handle the moves with take profit and stop loss orders working. The USD/TRY is recommended as a wager for Forex traders who have a lot of experience. New speculators should be careful before attempting to trade the pair. Resistance near the 10.10000 mark may seem like a road too far, but if the pair’s upwards momentum continues to be sparked this value seems more likely than support ratios below the 9.80000 level being touched in the near term. Turkish Lira Short-Term Outlook Current Resistance: 10.04000 Current Support: 9.95000 High Target: 10.13000 Low Target: 9.87000 The USD/TRY has broken through the 10.00000 ratio and its path higher may not be complete quite yet.
Long
by SmoothJB
USD/TRY wave analysisUlaşabileceği en yüksek fib seviyesine ulaştı. En yüksek fib seviyesinden kastım, bu hesaplama (8.65 seviyesinden reversal) , wickleri dahil ederek ve standart olarak hesaplanması gereken swing low yerine bu swing low'dan bir önceki swing low (ara düzeltmenin swing low seviyesi) kullanılarak yapılan fib hesaplamasının sonucudur. TRY çok olumsuz haberlere rağmen bu seviyede takılmasının sebebi bu fib seviyesidir.. 9.90+ seviyesi psikolojik bir direnç olduğu için buradan bu seviyeyi test edip oradan geri dönüş yapması mümkün ama bu bence marketin yapısına aykırı olacaktır. Kırmızı ile işaretlediğim 8.40-8.90 seviyesine düzeltme bekliyorum. 7.80-8.10 seviyelerine kadar geri çekilme mümkündür, buralar geri çekilip tepki alacağı son fib seviyeleri.
Short
by baris3
2