sonerta

sonerta

A very clear inverted cup and handle formation is created. MACD, RSI and all indicators, trend line, macro economic news, political news flow shows us the same thing. USDTRY PAIR WILL DROP MORE AND MORE!!! Just stop dreaming about any continuous upward movement. I am sharing my analysis, and telling you the just exact points for short entry. And it always...

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As you now, i have been suggesting short positions from 5.60's. We are enjoying great profits with low risk in short time. Now USDTRY pair has even broken the long term uptrend support at 5.23. Now there are no major supports until 4.79. So go short at any levels with a stop loss at 5.30. Wait with patience at profit, there may be some little correction at 5.16,...

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Hello everyone, Nearly 98% of the traders are still thinking USDTRY will rise again. Of course it will rise in sometime. But is it logical to go long at any level? Will the increase in FX rate be more than the 25% interest rates? Exactly no. There is nothing that can cause a sharp 25% increase in USDTRY rate in near time. But anyway before it rises, we should...

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Now we are in a ver critical point. You can see green channel which shows us the long term bullish trend. And red channel is the bearish trend coming from 7.2. Also yellow line is the 145 days moving avarage, which has never been broken during bullish trend. be careful about longs, because we can expect a long term bearish trend, if we close below 5.30 level.

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There is nothing rationaly or technically explainable above 5,5 level. Now we are about to turn to ordinary trend channel. It seems that no major correction will be seen until 5,15's. But if the momentum will be strong and central bank keeps the interest rates high, there is a strong probability to go down 5.15 level. Then 4.60 level will be next support. So just...

sonerta

Actually, 5.30 is a physicologic level, and it is not any techical meaning. Major support is at near 5.2930 level. Now there is a high momentum do downside, and there is a high possibility to break it strongly. You can see that the range is completely same, as 5.40-5.55 channel. Now there is no support under 5.2930, and if it is broken, we will see a sudden slide...

sonerta

i think that we have seen the lovest level at 5.30. and this downside movement is just the correction of 5.30-5.44 movement. fibo 61.8 level is at 5.39 and it worked perfect. looking for to break fibo 50 level for keeping the upside trend.

sonerta

Macd has given us an early signal for a bullish signal at USDTRY. Now 5.47 is a strong resistance. And unless it is broken down, i think it will test the upper band of the descending channel. Don't forget that trend is still downward and put your sl tight to 5.47. And take your profit at 5.58.

sonerta Updated 

Blue line indicates the yield of 2 year Turkish Goverment bonds. We can see that interest rates are keeping to go down sharply. Now USDTRY is reacting a little bit. It is a good chance to go short again relaying to the demand of Turkish assets.

sonerta Updated 

We are at the top of intraday descending channel. Yesterday afternoon, we have seen sharp declines at 5.41 level, which is a strong resistance, at daily descending channel. Short and hold your position for 5.25. I expect to reach that level until 20.30 by turkish local time. If we stay above 5.35 until that time, trade idea will be cancelled.

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Before the infilation data to be announced at 10:00 am(Turkish local time), we are setting 3 points for trading. 1st one should be opened immediately as short, with 5.010 tp, and 5.50 sl. Second one is only for the ones who can take more risks at 5.10 to, 5.26. 3rd trade will be the last short entry at 5,32. So you can be more comfortable for taking short...

sonerta Updated 

usdtry is going 5.38 if 5.43 is resistance is broken. it is safe to short with 5.48 sl 5.38 tp.

sonerta

RSI is over 80 which means the pair is clearly overbougt. It seems to make a retracement until 3.15.

sonerta

eurusd is in trouble for two years. but it still haven't show its performance against usd. Now we have a similar flag formation, as my last years succesfull call. just buy and hold until 1.20 with a sl of 1.10

sonerta

oil is on the way to first resistance at 43.25 level. not expecting any downside movement from here.

sonerta

As we can see there is a slightly bullish trend is going on, despite the all of the nonsense new about eur. The price has touched the bottom line of the upward channel, which is also crosses fibo 61.8 level. This analys will work if we can see a climbing until fibo 50 level 1.097

sonerta

1.08 supoort is very important because of several time tested, bottom of the upside trend channel and fibo 61.8 level. Let's see if it will retest fibo 50 level(~1,095)

sonerta

That is the third time for the eurusd to rebound from 1.082. I expect a reversal to near half oft the way to 1.10