USDTRY update... The Turkish lira stands at 5% gain. In addition, another phase of amplification is likely. The USDTRY target price is 5.3944 usd
Usdtryshort
USDTRY DIP SEARCHWatch the price range between Weekly MA(20) and Keltner Channels Middle Band. Also strong Fibo 0.618 level supports the local dip.
Lower bollinger band is the deepest possible low where i can go all in.
Good luck!
USDTRY - Ascending triangle - Wait for the oppourtunityOANDA:USDTRY - Details on the chart.
Only word now is "WAIT".
Pipdified.
usd/try double topUSD/TRY formed double top on the daily chart and the price going downward.
The Relative Strength index is on low level, and the price today going little bit upward, so I think its a correction. When the price will going downward again that's a good entry for short position.
USD/TRY Possible Bearish Pennant FormationSee linked idea below with commentary. We got trendline break and consolidation. Bulls appear to be exhausting; also based on bullish pennant forming I would expect to see further push to the downside; trade at your own risk and use proper risk management. This trade is for demonstration and educational purposes.
USDTRY 4H Sell and Buy SetupUSDTRY 4H Sell and Buy Setup
Short idea:
TP1: 5.74400
TP2: 5.72740
TP3: 5.71000 -5.7000
Buy idea:
TP1:5.85000-5.86000
TP2:5.98332
TP3: 6.1000
This is not investment advice
Obviously I do not use sl , adjust according to your own account
USDTRY SellLooking at the fibs for the 1HR TF. The pair experienced consolidation after a big push. Looking for short term trade of the counter trend just short of 38.6% on the fibs . After that will look for a new long term trade for a buy to rid the uptrend.
USDTRY - ShortRising wedge forming on 4hr timeframe. I believe it is time to short USDTRY ...
Not a financial advice.
USDTRY 1H sell the breakdown USDTRY 1H getting ready to breakdown soon. Look for sells on the breakdown from this structure.
usdtry ascending triangleusdtry end of the ascending triangle.
2 wave finished.
dump is coming.
next target steps are 5.60-5.40-5.20
Decision Week for USDTRYThis week first days USDTRY make decision Tp points on charts. Wait patiently
USDTRY 1:4 Risk Reward SHORT (Fundamentals)If you get involved in provocative acts, saying ‘foreign currencies will strengthen, this will happen, that will happen’, you will pay a very heavy price - Erdogan
TRY
Fundamental Quant Score +60
USD
Fundamental Quant Score -4
Investors seek reforms, fear populism
Lira initially weakened 2.5 percent
Shares rise 1 percent (Updates lira, adds London swap rates, dollar bonds)
USDTRY DAILY ShortBelow 5.6500 level a short oppurtunity till 5.5500.
If pair stays above 5.65 , the next target would be 5.72, 5.80 and 6.2000.
USD/TRY, Trading plan.Price broke down Triangle
Near 5.4520 - 5.4570 is a good place to open Sell
- The price broke down Tringle
- Daily candle close under
USD/TRY: Swing-Setup! FAN-Principle and your chance to SELL!#Hey tradomaniacs,
welcome to another free signal!
Important: After the consolidation and the Breakout we still trade against the trend!
Make sure to trade with less risk as possible and don`t get greedy! ;-)
The sell-off or Breakout is caused by the FEDs statement saying they won`t increase
the interest-rate this year anymore and stop the balance sheet reduction until october!
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Type: Swingtrade
Sell-Stop: 5.41453
Stop-Loss: 5.46309
Target 1: 5.35424
Target 2: 5.32466
Targt 3: 5.28447 - 5.27513
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
USDTRY formed a combination of harmonic patternsUSDTRY formed a combination of harmonic patterns
resistance structure tested multiple times and didn't break thru
5.4760 will be a good area to short
SL : 5.49050
TP : Follow arrow
USDTRY before a 14% drop... The exchange rate builds on a second falling wave structure. The size of the second wave is supposed to be half of the first falling wave. The target price is 4,6183usd.
USDTRY 22 Feb Price has now bounced off resistance zone
Price has now bounced off the trendline
Price on a downtrend on daily
SL: 5.36840
TP1: 5.29 (area where MMs might try to take stops before the big short)
Potential TPs
TP: 5.26589
TP2: 5.20909
TP3: 5.16108
