Usdtrylong
A huge buying opportunity on $USDTRY$USDTRY is giving us a huge buying opportunity. Gaps at 3.6730 and 3.6184 probably will be closed. Combined with the technical view, political instability and the Zarrab case may trigger 4.25-4.30 by the end of February.
#Dolartl 3.6730 ve 3.6184'te kuvvetli alim firsati veriyor. Gapler kapandiktan sonra muhtemel 4.25-4.30 bizi bekliyor. Kacirmayin derim.
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USDTRY - Riding the Bullish momentumUsing cloud and Fibonacci this bullish momentum in this pair can be played as follows:
Aggressive entry:
Enter on the KIJUN (at the moment 3.827) will move up with the momentum so orders can be moved upwards accordingly
Conservative entry:
Around the support price (3.827)
TP1: 3.8890
TP2: 3.9123
Stops can be placed just below support where this setup fails around 3.816
Very good risk reward ratio of 5 to 1 for TP1 and 7 to 1 for TP2
Trade Safe.
usdtry turkish lira big shortExpecting USDTRY to complete C at around 3.39-30 and then start a new rally heading to 4.50++ We are at about the end of B. This will work as long as it doesnt go over last high at 3.9421. If it does, this analysis will be cancelled and will look for a new high at 4.25-30
Turkish Lira gave a devaluation signal on the monthly chartTom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend.
Weekly and daily charts confirms this as well.
Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns.
In the upcoming weeks or months a major devaluation of Turkish Lira is possible.