Looks like a solid double bottom pattern in the making. On the right we can see a triangle as well. So i am going to wait for a downwards breakout and if we see something like the blue line, i will try a long around the yellow circle, so after the breakout of that channel. Previous analysis:
TRY TURKISH LIRA UPDATE - 4,94 ON 28 DECEMBER
USDTRY counted red 9 according to Tom Demark count. After red 9 we expect a trend reversal. Weekly Stoch RSI is at historically low levels. Bollinger Bands are very narrow at the daily chart. I expect a bullish breakout within this month. Major resistance areas are: 5.33 (daily MA20), 5.43 (fib 0.5) and 5.72 (weekly MA20). Major support is at: 5.05 (fib...
TRY/JPY is currently weak and could potentially break it's bullish support and fall further down. Place your SL above the high of the current consolidation zone. To play it safe, one can simply place a Stop Sell order right below the 50 EMA on the 6H chart or simply the current support line to catch the move as it breaks its current support. I would personally...
Seriously... Just buy it. First target 5.8
5.3 - 5.1 is the target. Go long with 10x leverage. Take profit after a few years Get rich easy. Not trading advice.
On the left we can see a big bull flag and the wedge i have drawn as well, both of them failed. Now we have a smaller bullish wedge in the making, could also fail but the RR is way to good to ignore this one. I am trying half here at the low and the second half when it break the wedge.
Some significant trades by Yekturus Strategy on TRYUSD. Yekturus Strategy Page: Disclaimer: This strategy is for information purposes only. It is not intended to be investment advice.
Turkey Lira find bottom against US Dollar now? President Erdogan doing everything to hold up the economy bully from US Government under Trump administrations. I think If this effort holds up we're praying that their country getting better, because their role is quite significant in Middle-East countries for muslim community all over the world. Turkey will be one...
Let us see how the trend is developing?
I am expecting drop between 5.20 - 5.40 due to Turkish Government's precautions against USD. 5.20 - 5.40 is safe zone to buy. Also when technically analysed, it can be seen that there is a rising wedge, which notifies bearish trend. Not a trading advice.
Paypal bulls beware Bitcoin CEO Satoshi nakamoto calls the Paypal acult and says it is headed straight to zero
We are reaching the final phase. A shock for the global market not far away.
Bearish divergence on the RSI and last day closed with a bearish candle, heavy pullback imminent.
USDTRY M30 chart /// Looks like a pennant formation in M30 chart If it works, it will try to break the price of 4.77 - 4.80 again. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If...