Why to Go Long for USDTRY?The TRY FX is facing a structural drop since the beginning of 2018. Based on delta wave theory the next target is 5.77, it can be head shot within 15 working days max.
Usdtrylong
USDTRY 4h Strong Long - My Upper PressureUSDTRY 4h - Strong Long - My Upper Pressure
TP1: 5.40243
TP2: 5.44809
TP3: 5,50021
This is not investment advice
Obviously I do not use sl , adjust according to your own account.
USDTRY 4H scenarioUSDTRY 4H scenario
Sales Scenario:
TP1: 5.17990
TP2: 5.15715
Buying scenario:
TP1: 5.38904
TP2: 5.45134
TP3: 5.54615
TP4: 5.55189
This is not investment advice
Obviously I do not use sl , adjust according to your own account.
USDTRY 4H Long USDTRY 4H Long
TP1: 5.04070
TP2: 5.11000
TP3: 5.14342
SL: 4.97197
Entry: 4.99758 --> you can try gradual purchases
Sell Area: 4,94107
This is not investment advice
USDTRY 4H Bullish Flag formationUSDTRY 4H Bullish Flag formation
TP1: 5,04843
TP2: 5,24511
TP3: 5.31340
SL: 4.788000
This is not investment advice
PRESSURED TRY SEARCHING A HOLE TO BREATHEExotic currency to watch for ---> South African rand USDSAR, Mexican Peso USDMXN and Turkish lira USDTRY
TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe!
Long term bullish on USDTRY but we might see a retrace from higher levels
Watching the action and getting ready to short!
Turkish Lira vs USDHistorically USD against TL , if at the major top, it will dramatically drop back and can not hoover around the top. Hovering close to top is a sign that USd is forming a continuation pattern, probably a symmetrical triangle.
Long term bulllish on USD/TRL
USDTRY pennant formation and target priceUSDTRY M30 chart ///
Looks like a pennant formation in M30 chart
If it works, it will try to break the price of 4.77 - 4.80 again.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
USDTRY will he test the summit again?USDTRY H2 chart
It may not be exactly like that, but it's the scenario.
I think it will test the summit again in a short time.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
USDTRY : (UPDATE) Possible directional support and resistanceIn the short term, the downtrend broke down and crossed the rise.
I drew up the formation formation and possible movement.
The output can be expected until weekly resistance.
USDTRY to 5.364 Before the correction happenThis is a daily chart , i can expect that Price will go up till the mentioned zone at about 5.364 , then it will break down.
I also can expect a big movement in the mentioned time "25th June"
Actually most of my trades are in Cryptocurrencies but many friends who are working in Forex market asked me about this Pair.
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Questions are welcome
USDTRY 4H LongUSDTRY 4H Long
SL: 4.63000
Entry: 4.7000 - 4.67365
TP1: 4,73293
TP2: 4,76751
TP3: 4.8000
This is not investment advice
USDTRY Day Long USDTRY Day Long
Resistance: 4,82500 - 4.89000 - 5.07800 - 5.46000
Support: 4.65000 - 4.5500
This is not investment advice
USDTRY short-term road map
We will see around 4,20 record level in few days, after that there must be a down trend to 4,10 for taking a breath.
After that I am expecting 4,35.
Let's see how it will goes..
Usd / Try Loading1 week relax mode between 4 - 4.10
2 - 16 April BIG JUMP
economic crisis announcement
usdtry may go even higherweekly macd crossing up. in case the all time high is exceeded, we may see a push above 4.0 in the weeks ahead.
