USDTRY 7.64331 - 1.26 % LONG IDEA * CONTINUATION & STRUCTURE Hey everyone
Here's a look at the DOLLAR / TURKISH LIRA
* Many stars aligning with the Bulls on the lira the pair traded in a descending channel broke with the bull and we've been in a beautiful uptrend
since.
* looking for continuation patterns as we are already trading in one which is the bull flag, trading at a key level.
* momentum with the bulls will be the trigger and price action
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Usdtrylong
USDTRY 7.347553 0% LONG IDEA * CONTINUATION PTTNS & PRCEGood day everyone
Hope everyone is having a good one in the markets this week.
^ Here's a look a the DOLLAR / TURKISH LIRA
* The pair broke out of the descending channel structure and pulled back for a retest of this structure signalling continuation.
* Currently traded in a bull flag which saw a break above and a pull back to retest structure also possibly signalling continuation of this move.
* Looking for the bulls to continue their rally to the upside Targeting resistance level 7.62266
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USD/TRY longHi everyone! My long-term idea published last year now completely was implemented (in the connected ideas). The price reached the support defined early. Now I expect correction with the first purpose to level 7.38. SL = 6.89. USD/TRY on technical indicators it is completely ready for this purpose. Besides the price almost approached the lower bound of the channel.
Information provided is only educational and should not be used to take action in the market.
USD/TRY long: section fast transactionsHi everyone!
The price of vapors of USD/TRY reached support at the level of 7.34 and also many indicators show divergence. Therefore I expect small correction.
Bought on 7.38
TP = 7.69
SL = 7.33
Information provided is only educational and should not be used to take action in the market.
This section is intended for short-term speculation. Be ready to leave a position at any time.
USD/TRY: section fast transactionsHi everyone!
I think USD/TRY pair is ready to small growth. The arrangement of the next amounts is about 0.5 according to Fibonacci from the previous falling. Therefore I expect growth at least to level 7.7690. Thus the price will go to check of resistance.
Bought on 7.5707
TP = 7.7690
SL = 7.5036 (below the last minimum).
Information provided is only educational and should not be used to take action in the market.
This section is intended for short-term speculation. Be ready to leave a position at any time.
USDTRY Sets To Complete A-B-C Zigzag PatternUSDTRY made a sharp five-wave impulse decline from 8.58 high. According to Elliot Wave theory, a three-wave correction follows every impulse pattern.
In USDTRY's case, the correction seems to be unfolding as a simple zigzag. We have the wave "a" and wave "b" seem to have completed as a simple zigzag.
If this count is correct, the price should resume higher in wave "c" to complete the zigzag. Target above wave "a" high and upper boundary of the channel is plausible in the days ahead. The red level is the invalidation zone based on the current count.
What's your view on USDTRY? Let me know in the comment.
Thanks for reading!
Veejahbee.
ridethepig | TRY for the Yearly Close📌 Turkish Lira for the Yearly Close
The strong points of the rally which we went into more detail was an absolute momentum move; the flow was a force to be reckoned with and undermined all sides of the Turkish banking system, collapsing like a house of cards.
After 2019 the helplessness of Turkey's Erdogan was quite something. My dear readers, populists and dictators are absolutely incapable of standing aside, and this one is not of any particularly inclined intelligence either. Markets are going to do this for us and leave him aside after we clear covid flows. I personally think a lot of profit taking will be done here in USDTRY, after such a monster move it is favourable for a retest of 6.00 and Turkey can begin to look attractive for the coming years.
There is no such hurry with this move, firstly next week is a panic cycle, followed by 11th Jan which should attract a lot of opportunities to load. Make use of the retracement and profit taking as a basis for our operations, we are miles ahead of the crowd as usual with 6.0 in the crosshairs I am starting to build an allocation as TRY looks cheap to me up here.
Thanks as usual for keeping the feedback coming 👍 or 👎
BTC Make It support situation at 18,000!BTC fell with expanding trading volume, paying attention to the support situation at 18,000.
According to data from the Huobi, BTC continued to move sideways with shrinking trading volume, and fell with expanding trading volume in the morning, reaching the lowest 18145.88USDT. This is the first time that BTC has broken through the 18500 support position since its consolidation at high level for a period of time. The short sides’ energy has gradually strengthened. In four-hour level of picture, BTC has broken the lower edge of the descending triangle form. In day level of picture, it has now returned to the 1/3 position of the previous overall upward trend. Pay attention to the supporting situation at 18000 integer pass and MA30 below. If it breaks through with expanding trading volume, the downward trend may continue for a period of time.
Charts Of Charts! (Grafiklerin grafiği!)
~1 year ago I've noticed this arc trend but I didn't want to share to manipulate minds which can boost movement. But, these days, I started thinking that the more people see this, the more likely it won't be happen, and I decided to share it. As you see, whenever it touches to arc, price makes a sharp jump. The first target seems to be around 8.50. As a profit take point, 8.49 more could be guaranteed.
I'm really upset to share this idea, I HOPE IT WON'T HAPPEN!
Yaklaşık 1 sene önce farkettiğim bu yay trendini daha önce sizinle paylaşmak istemedim çünkü hiç kimseyi böyle korkunç bir tabloyla yüzleştirip durumu daha da kötü etkilemek istemedim. Fakat son günlerde ne kadar çok kişi bunu görürse gerçekleşme ihtimali daha da düşebilir diye düşünmeye başladım ve paylaşmaya karar verdim. Teknik analiz tamamen sert bir yükselişi işaret ediyor gördüğünüz üzere fiyat çizgisi ne zaman ki bu yaya dokunsa sert bir sıçrama yapıyor. ilk hedef 8.50 dolayları görünüyor. Kâr alım noktası olarak 8.49 daha garanti olabilir.
Bunu paylaştığım için çok üzgünüm, UMARIM BU GRAFİK HİÇ BİR ZAMAN GERÇEKLEŞMEZ!