Hello traders and arkadaslarim, Everything is clear on the chart for you like always. So monitor the price's action in the circle. After breakout the resistance zone and fixation, we can buy and for lower risk after pullback.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
Here we go again!
I see more downside for the Lira, tough times indeed.
Notice the breakout of a wedge pattern.
That is my thesis. Good luck out there guys.
1% Risk 4:1 RR
As for now, Turkish Lira is still ABOVE 2021´s Close (Black Line) and Came back to Restest it.
Hence the Bullish Bias Remains. If price starts going up it will end at yearly R3.
If price breaks below yearly S1 (what I find unlikely) the yearly downtrend will be to S3.
For Educational Purposes Only.
Hello Traders,
I was away for a couple of months due to personal matters, but I am determined to support you again with my outstanding ideas in 2022. So let do this!
A beautiful curve stick pattern is forming.
Buy USD/TRY at 12.8
TP 1: 13.94
TP 2: 14.60
SL: 11.22
The Content is for informational purposes only, you should not construe any such information or...
This is a classic example of risk management, if there is anyone who is over leveraged before the crash, the account must have been wiped out. I wish noone be in that position but if there is any survivor then probably a story to tell and help the community.
Why I am inclined towards long.
#1 : This is a retracement of the entire move from the beginning of...
We said it 30 minutes before this massive short-selling. "it will go up until the Turkish Government decides to react." And they did. At Human traders we provided two selling signals, and we are short this forex pair. Volatility remains high and there are a lot of forex traders closing positions. For those who want to trade this one, we recommend you to stay on...
We can expect a retracement for this bearish movement. It will retest the base line which is around 14. If base line breaks I will update this analysis.
Hello traders, Everything is clear on the chart for you like always. So monitor the price's behavior in the circle. After breakout the resistance zone and fixation, we can buy and for lower risk after pullback. Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below for me
Everyone wants to know where it's going...Why not just scalp these areas
USDTRY THE MAIN FOREX PAIR that has been very active in the news in 2021.
Generally speaking all main gaps get filled...Let's see where market should fined some two way auction.
My main trading analysis is always through orderflow & volume profile .
I mainly scalp Futures (ES & NQ)
I have...
This week has seen the USD/Turkish Lira exchange rate drop from a high of 18.25 TL per Dollar to a close at 11 TL per Dollar. In my previous idea published in January 2021. The concepts I laid out in that idea are still valid. The curve I drew still holds intact. RSI is still rising in the parallel channel. The recent spike has seen RSI reach even higher value...
in USDTRY we have a Falling market mostly 161.8% of Fibonacci retracement and then we can long it the 1 TP
and of price crosses the TP Zone then we can see very high prices of Fib Projection
keep an eye on the white Buy line
please comment your opinions
Firstly, guaranteeing cash deposits against FOREX depreciation does nothing to restore faith in a broken central bank.
Secondly, any time a Government imposes draconian fiscal rules (banning crypto or discouraging USD), society revolts.
