Hello Traders, Today, with the outperformed growth data, Turkish Lira gained around 1% made a successful retest to the breakout zone of formed ascending triangle. I expect that the currency will gain momentum to finalize the movement through the target of the continuation pattern. My target area for the currency is $8.95-$9.00. 8.95 is a nice level to take...
It broke 7.26 in 92 days and increased by 18%. Until 8.57, it was the same price again after 203 days. If it breaks this place as well, it is not surprising to see double digits.
We caught a great trade from March going long (Profit/Loss Box Remains) I just don't see the economic situation getting better anytime soon for Turkey. I am actually living in Turkey currently, it's a lovely country with wonderful people, food and and and.... I see the break north, on a technical level the "Rising Wedge" pattern illustrated. Keep on...
Chart looks clean and easy. Make your own decision
Watch for breakout. Target 9.00
As we can observe the higher lows into the Resistance that signifies the strength of the trend THE PRICE WILL KEEP RISING
1hr double bottom 4hr 1-2-3 pattern forming daily fib bounce off key zone Will see highs met I am no longer affiliated with the blood suckers @forexalphas which re branded to @MarkeApes after they blew their last fxpool :D
Timeframe on 4h: In previous idea we said the turkish lira will be destroyed and will get the 8.41 then 8.53 till now breaked 8.41 but now we will wait to get 8.53 1.Stabilize Above 8.3800 will get a new price upward 2.Stabilize under 8.3700 will get down till the channel
This is technical analysis of the current FX:USDTRY (US Dollar/Turkish Lira) Pair. TP (Target): 9 TRY SL (Stop Loss): 7.7 TRY This is not financial advice.
Timeframe 4H: Above the channel will get 8.388 Under the channel will get 7.740
The Short to M/T"s crucial level is 8.5, sustain trading above this level we may see 9 or higher. Failure to comfortably penetrate up and sustain trading above 8.5 leads to 6.5 area during the coming months.
i think in this summer xrp is 4 dollar. NFA!
1-Above 7.950 will get 8.388 then 8.530 2-stabilize under 7.900 will get 7.741 .. ———————- But first option upward have more probability because make it stable above 7.95 and 8.130 this price is recommended to get 8.30 then 8.50 ,,, But another side downward should be break the 7.74 to take strong sell
This macro event can accelerate #Bitcoin to new highs; Turkey has no regulations or taxes on crypto. If you lived in Turkey and this was happening, gold is confiscated...what would you do?
I posted this long Idea based off this green trendline shown, back in February. Price reacted to that level, but more importantly are the Macro events in Turkey at the moment. I see the trade long. I have highlighted a 2:1RR with 1% Risk. This is a 12 hour chart...I am stepping back in timeframes to wash away some of the silliness in the market, it's helping.