TRYJPYConfirmation candle of an up move and we are in Long. "Buy low, Sell high" meaning. Make use of small time frames when looking to Long and Ready. Educationby bxoleloPublished 2
Wave 4 in ProgressCorrection of Wave 4 higher degree is in progress despite previous count assumed impulse count.Longby YugeneswaramUpdated 1
TRYJPY Breaks ConsolidationUnfortunately the break happened on a Friday. Will be looking to enter this trade next week as I do not want to hold over the weekend in this type of macro environment. First of all in terms of market structure, we had an uptrend with defined and multiple swings. What we look for. Then we stopped making higher lows and began ranging. We thus have seen 2/3 ways of the only ways all markets move. This break of the support level was quite strong as indicated by the large red body candle. And, it broke a flip zone level too. We even got a lower bounce pattern which is another confluence. For next week, I would like to see a retest of the break which would then create a lower high we can work with. That is ideal. Target will be the flip zone at 18.50.Shortby Uncharted-FXPublished 11
TRYJPY long term top formation Still not very clear but looks like we got a possible long term top formation here. Broke the support, few failed retests as well. If it’a real, we should see rejection and drop happen at any moment. So in other words, even though there is room to that blue zone, it should actually not even come close any more and simply drop from this very moment. Shortby botje11Published 3355
TRYJPY Double Bottom FormingMaybe not the most popular trade idea given what is occurring with Turkey geopolitically, but a good set up nonetheless. Been in a downtrend with multiple waves, and we hit a support/flip zone which can be seen by going further back or on the daily chart. A double bottom indicates a possible exhaustion of the trend as no new lower lows have been made. I am looking here for a break and close above the 18.54 zone but perhaps 18.60 is better since we take out the previous lower high. 19.10 zone would be the target if we get the break.Longby Uncharted-FXPublished 8
TRYJPY1h: Awaiting a break below the consolidation for Bearish continuation. Turkey has been under pressure from Trump and it seems that the economy will not recover anytime soon. Note: The currency have been in consolidation for the past 6 months which was a retracement from the sharp down movement from August 2018.Shortby Jeremiah_CapitalPublished 9
TRYJPYMonthly: Bearish Movement. Daily: 50% wick fill of weekly Morning Star candles stick and currently price in equilibrium. 1hr:Sell at 18.9180 Shortby Jeremiah_CapitalPublished 11
TRYJPY - 240 - Watch the levelsTrade idea For now we wait. Although we have ourselves something like an ascending triangle, still, we need a confirmation break through one of the highlighted areas, before examining a further directional move. The chart is straight forward. Please see the chart for levels, targets and the scenarios. Don't forget your stop-lossby JFD_ResearchPublished 1
TRYJPYDaily: Bull flag on daily and rejection of resistance. 1hr:Thrust on 1hr at 19.240 Shortby Jeremiah_CapitalPublished 228
TRYJPY (CT then WT)1hr:Buys at 19.06357 TP at 19.16500 and Sell TP at 19.16500 then short TP is at 18.94400Longby Jeremiah_CapitalPublished 226
TRYJPYDaily: Rejection of resistance after wick fill. 1hr:Sells at 18.56800Shortby Jeremiah_CapitalPublished 4
TRYJPYDaily:Broke and close above resistance, currently the level being tested. 1hr.Entry at 5.8800Shortby Jeremiah_CapitalPublished 6
TRYJPYDaily: Broke and closed below support at 18.46333 4hr:Bear flag pattern formed signals bearish movement 1hr:Sells at 18.46333Shortby Jeremiah_CapitalPublished 5
TRYJPY1hr:Bullish engulfing and rejection of Support, buys at 17.99900Longby Jeremiah_CapitalPublished 1
Short JPYTRYMonthly downtrend, reaching all time low Weekly downtrend, reaches supply in control. Supply in control tested once before, most probably will penetrate deeper this time round Daily downtrend, to wait for retracement and short to next demand zone Shortby SNDtrader1Published 0
Elliott Wave DowntrendHypothesis: Supercycle year time frame is downtrend Wave 3 Supercycle still in progress Wave 3 Daily should be in progress till end of March or beginning April Wave 5 of Wave 3 would complete the cycle. After this supercycle 3, wave 4 shall commence bull.Shortby YugeneswaramUpdated 0
TRYJPY - 240 - Targeting the strong supportTrade Alert The US-Turkey political tensions are on a rise again. The TRY is getting hit today and it might be one of those crazy Friday's again, where certain pairs might just move one way and that's it. For now, we are targeting the 19.45 support area, which may hold the pair initially, but then we will have to re-evaluate everything again, as TRYJPY might rebound slightly. Please see the chat for details. Don't forget your stop-loss.Shortby JFD_ResearchPublished 0
TRYJPY - 240 - Wait for itTrade Alert The pair seems to be getting into a squeeze. For now, we wait until wee see a clear break through one of the sides of the triangle. But for a better confirmation of the upside and the downside, please see the chart for the potential breakout levels. Don't forget your stop-loss.by JFD_ResearchPublished 1