If I am wrong please correct me....
FIRST TARGET 3.07 THERE IS A RESISTANCE. WE WILL SEE BREAK OR NOT...
Usd/Try giving good opportunity to trade with good risk/reward ratio.
Entry point and stop loss point is as described. Price never lies but chart sometimes :) NuForex
usdtry average 2.97 top target 3.1xx macd big potential... again other election result look like. tsi ready big movement.
I had a request from a friend to analyze USD/TRY: On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves. Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us...
Now is a suitable time to long usd against turkish lira. Turkish Central Bank refused to increase the base interest rate which is sitting at 7.5% We expect this trade to take 2 to 3 weeks. Cheers! Invigilo FX
As you can see by my chart, every time the price has hit the top of the linear regression, and 0.04 on the MACD, the price has reversed back down again with the CCI, DeMarker and Stoch RSI gradually falling back into their respective channels. Without consideration of any further shocks to the market, I think that political instability, the conflict in the south...