💰Fxone4all 💰FOREX💰, 🔴USDTRY (short ) Sell limit : 13.7/ 13.9 🔸TARGET💰 🔹 12.5 🔹 11.5 🔹 10.05 🛑 STOP LOSE : 15
Welcome to this quick USDT.D analysis. I have tried my best to bring the best possible outcome in this chart. USDT.DOMINANCE is falling wedge pattern breakout and retest 100MA and bullish signal And Taking a long trade in a usdt pair is still a ricks Sorry for my English it is not my native languages. Do hit the like button if you like it and share your...
Hi everyone, bearish movement could be happened soon. There is an formation of wedge shaped ascending triangle over the trend line also there is an strong resistance around 8.50. Price could be hit around 8.24 for short period of time which is an nice entry floor for a long term profit. In my view it is almost impossible to touch 8.00-7.90 level without any...
If the rising wedge will be broken, I will go for short until 7.20-7.25 support level. Stop loss above the resistance line.
We have been observing a horizontal trend for a while in USDTRY.. In the four-hour chart, we see the ascending triangle pattern.. The falling wedge pattern is clearly noticeable in the RSI, and if the pattern works, the upward price movements may harden and the peak point of 7.20 can be tested.. Also; I think the reference values (54) and (45) in RSI are very...
I think it is quite meaningful to analyze #USDTRY within the framework of market cycles rather than classical technical instruments.. From my point of view we are very close to the part where USDTRY will experience sharp increases in the market cycle.. If we approach the daily chart from a wide window, we can easily see that very similar movements are repeated...
See chart for illustration This is a follow up on a long term speculation published earlier ( see link below for reference purpose)
See chart for illustration Lower time frame speculation coming soon as price action is monitored
We have troublesome trend in USDTRY along with the increasing annual inflation rate around 48%(According to: twitter.com) I depicted daily golden cross wih gray and local bottom with purple. Resistance or take profit levels are depicted below* 5.97 6.47 6.88 7.29 7.87 8.61 *Not a trading advice. I hope I will be wrong.
USDTRY completing C wave larger degree flat making up the B wave of larger degree correction.
No one has a crystal ball for the Forex market, but what we do have to look at is history. Although past performance does not guarantee future results, when it comes to the Turkish Lira’s current situation, history shows some alarming parallels. The patterns do repeat themselves -- and with good reason. The stock/ Forex market is governed by a set of two...
Just prediction nothing more. it is not invest advice
From elliot wave analysis, i see that usdtry pair has finished 5 wave structure then started to a-b-c correction. Also at 5,54 price level i see double top formation and during this time, you can see bearish divergences at macd line and histogram so my first expectation from usd/try is to drop around 5,32 price level. Then if inclined support is broken, we can...
USDTRY has been in a downward parallel channel. Going short at following preferences: Short: @ 5.4995 TP: @ 5.0944 (+4000 Pips) SL: @ 5.5707 (-764 Pips) RR: 5.24
First of all, i expect a jump to B point which is 5.516 then i will look for a sell opportunity to aim C point which is 5.435 for my sell trade. (Also i see some hidden divergence at macd histogram and signal line on 4h chart which supports my trading idea.) When the elliot correction waves are totally finished at C point(which is our profit target), new rally...