Update on USDTRY (short at 7.69)take profits will come at 7.69 before 7.79 (im updating my previous idea)
Pay Attention!
Usdtryshort
USDTRY SELL Breaking below the 12 hour TD9 Nice risk/reward trade, breaking below the low of the 12 hour TD9 and also the rising trend line has been lost.
USD/TRY in a Rising wedge.Hey, I am back with another Forex idea as I said, that I will deliver a one Forex Idea every working day.
Let's get into chart.
Basically USD/TRY has printed a rising wedge which is considered as bearish pattern and is expecting the price to see a spike down.
RSI has also printed a bear flag, overall this seems like a good trade.
Don't forget to follow me, to not miss out on a good trade opportunities😉
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#USDTRY Shorts are strongerOn the long run, longs will definitely win.. But on short-term, I believe we have more downside..
USD/TRY SHORTBecause of MACD divergence, I expect the price go up to Fibonacci level of 50, then fall to the lowest point between the divergence .
#USDTRY ANALYSIS.. #USDTRY seems to breathe a little after refreshing its peak point.. In the following process; We can observe a structure as I stated in the chart.. The targets in the chart should be followed in the medium term.. I think cup and handle will occur when correction phase is finished..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
Watchlist candidate for USDTRYHello world,
here we have a candidate which I have flagged for my watchlist. This is not a trade I am taking, just an interesting chart!
We have:
- a key weekly level reached
- quite some time without a proper retracement
- and highly overvalued RSI
- a bit of price action forming at this key level
- shorter then average previous candles (only) indicating (!) momentum loss
What I am waiting for?
- more confirmation in form of price action at this key level
- theoretically I would TEND to assume that price will see at least a 23% fib retracement
Apparently I do not know enough about the macro-economic situation regarding turkey. If anyone knows and sees this, feel free to comment.
All the best,
c4ss10p314
The nonsensical USD Rally is Finally overForget the rush to safety, the USD will break. It has to break because the whole world depends on it for liquidity. The greenback must crash as a #coronavirus safety valve.
TRY averaging with positive swaps. Short the double bar bear reversal pattern with high trading volumes until it breaks!
USDTRY 4H Sell USDTRY 4H Sell and Buy Setup
Short idea:
TP1: 6.55400 6,54000
TP2: 6.44000-6.45000
This is not investment advice
Obviously I do not use sl , adjust according to your own account
#USDTRY tahmin edilmesi zor olasılıkDolar TL 6.5TL de direnc görüp tekrar 6TL'lere gevseyebilir. Sonrasında 7 TL görülebilir.
Fakat yaklaşık 1 sene sonra öyle bir düşüş dalgası olabilir ki 3.5TL'den 7TL'lere cıktığı gibi düşüş rallisi yapabilir.
Unutmayın bu sene öyle bir sene ki yıllardır beyinlere yerleşmiş her ne varsa yıkılma zamanı.
Finansal piyasalarda sok üstüne sok görme zamanı gelmekte.
Amerika tuvalet kağıdı üretir gibi dolar üretmekte.
Eğer corona virus sebebi ile millete havadan para dağıtılmaz ise gelecekte bu hareketi görmemiz çok olasıdır.
Bu seferde paraları ile TL'ye güvenmeyip dolar alanlar kaybedecek.
US Dollar Tether disbalance/BTC FACTORY SETTINGS MARKET RESETUSDT has enourmous value which means that the prices arent sustainable, because of upcoming Halving scheduled for May 12.th.
I personally think that this #btc price range won't be sustainable even if wales and sharks are flashing market trading on high levels between themselves and creating prices which enables them to reset altcoins even if not making money on btc .
Those alt prices we saw and all those enormous uptrend(s) will be corrected to previous prices and they will probably drop even more then previous values before lowest low we've seen so far which is 3156 on binance.
Possible scenario is that wales n sharks are buyin' alts, artificialy inceasing prices and trading, making real money there, while trying to slow btc downtrend which is inevitable.
I would not suggest buying anything else on these price levels but it will dump as prices drop .
Stay in US dollars until we drop to previous low.
Then goes rebound.
Then goes lower low (3500, then 3200$).
I don't provide disclaimer, since i'm not fake.
Good luck and happy earnings.
USD/TRY Trading Plan SELL - Risk Reward 1:4 - Counter TrendUSD/TRY Trading Plan SELL = Risk Reward 1:4 - Counter Trend
ridethepig | TRY Market Commentary 2020.02.17On the Turkey side we have updates coming from the local banks, a lot of interest in USD exposure as TRY is set to suffer further via spillover effects. The EM FX is all centred around coronavirus flows and the knock-on impact this will have on global growth, here looking for a dip back towards the lows, a fresh sweep would make it very easy to trade going into the month end.
On the fundamental side, Turkey remains in rough shape, those bearish on Turkey should use this as an opportunity to add heavy bullish exposure with targets up towards the 7.80xx levels:
In the very immediate term EM FX will be hijacked by the ebb and flow of coronavirus headlines and the spillover effects on growth. Regular readers will know I have been a bear on Turkey for years, this environment will not attract any fresh RM inflows into Turkey - just take one look at the yields and the CBRT cutting cycle.
On the technical side, the extensive breakout we traded previously has unlocked 7.80xx for the year. Reassessment on the core bearish view is only required on a break of the 4th wave support located below at 5.4xx. The upside is wide open and will trigger the dominos in the collapse of Erdogan and Turkey as we know it.
We can use the long-term charts as our drivers to scale into swings more comfortably on the immediate term. Thanks as usual for keeping your support coming with likes, comments and etc!
USD/TRY Short Opportunity WatchEvidence of wick exhaustion. Watch for break of trendline as noted for possibly sell to zones as shown.
