TRY TURKISH LIRA UPDATE - 4,94 ON 28 DECEMBER
TURKISH LIRA TRY (TL) CONTINUES TO RISE AGAINST USD DOLLARS
Short with weekly Close below 21 ema and Weekly RSI close below black level -- Just a theoretical idea. I am not going to take this.
Stop not shown. Manage trade per your own risk tolerance
Price unable to break through TL.
Given the reaction in equity markets on Thursday and Friday, the potential for risk aversion has started to show. Also we have BoE interest rate decision coming up, a combination of GBP weakness and YEN strength could make this pair an attractive sell as price has currently found support at the 38.2 fib level from the recent sell off. The retest of the broken TL...
While our goverment officals sleeping and doing nothing the price action started a cup and handle rally.. Here we have something. It is approaching to the target levels.. Can our officers do anything.. ? In past years we all decided they are happy about this thing.. This can be sideway but it didnt.. When past 4 price we got sure that this is a cup and handle...
When jedi comes trend will change via diamond bottom. And Rally
1. We may go to test the H4 TL. 2. Then we will probably hit the Fib 382 from whch we can continue our bullish ride.Just my personal analysis. Latest announcement from IOTA: “We are building #IOTA research and development wechat group in China. There are 30 ppl from #Alibaba #Amazon #xiaomi #ChinaTelecom #okex #USTC #CAS #BNU #SJTU and other companies and...
SHORT ON BREAK OF TL. TRADE INVALID IF 1.7310 IS BREACHED BEFORE T/L IS BROKEN.
- Monthly M.A. down - Weekly M.A. down but moving closer together - Daily M.A. up Wait for price to bounce from one of the Ascending Trend lines. 61.8% FIB zone preferred. This play comes in alignment with the Dollar Index. Only enter this trade from a break of the C.T.L and retest of one of the FIB levels or C.T.L. *This trade will be invalid if price falls...
Im currently shorting this pair until one of the following supports are confirmed, or until the "U" Pattern is completed. Looking to buy around 2.85 - 2.80.
Waiting for daily candle to close above TL and price to retest to enter long.
Impressive rejection from 1.00 which has been a key zone and some room to the downside on the daily. Needs to clear 200 MA and 99.00, targets around red lines. Could fake and push back up for another crack at 1.00 , the trend is bullish
I GUESS NOW CAME BACK TO 50 DMA WHEN WE LOOK THE RSI AND GOLDEN CROSS I GUESS TIME TO BUY. LETS SEE