Buy USDTRY Around 5.8245 Stop below 5.7888 Target 5.9200 With all the ongoing drama we are looking to go long.
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 5.8500 • Take Profit Level: 5.9000 (500 pips) If the...
Hey tradomaniacs, chart speaks for itsself. :-) Let`s see what will happen. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Last time MA50 crossed MA100 upwards @ 15.02.2019. Same thing possibly will happen today. Downtrend trend upper line broken. Weekly and monthly over-sold SL:5.63 TPs:Depicted with light green.(Take into account fibo resistance levels also.) Good luck
BASIC TREND FOLLOWING ON USDTRY WITH BUY&SELL POINTS
there is a definently cup and handle formation which is the very bullish continuation pattern.
USDTRY formed a cup and handle formation on the weekly chart. Stoch RSI is oversold both on the weekly and monthly charts. I expect the price to increase up to 6.84 in the coming months. First major resistance is at: 6.33
This week first days USDTRY make decision Tp points on charts. Wait patiently
I will open buy near 5.4832 - Price bounced several times from that level - Near 5.4832 low risk and potential profit in 5 - 10 times bigger than a risk After 22.03 better will be to open Buy entry on pullbacks, because after such huge up move trend changed
Below 5.6500 level a short oppurtunity till 5.5500. If pair stays above 5.65 , the next target would be 5.72, 5.80 and 6.2000.
Above 5.4500 Usdtry moves to 5.54 target level strongly. Despite the Central Bank of Turkey's interest decisioin, usdtry continues to rise from thursday. With strong dxy the drop on the pair seems impossible.
SHORT OPPORTUNITY FOR USDTRY ON DAILY TIMEFRAME. TP 1: 5.19 TP 2 5.08
Downtrend is finished with support line. EMA13 plays well in USDTRY. Must check after the elections at April 1st. A possible agreement with IMF will probably signed so after the elections a sell strategy can be applied.
USDTRY has a falling wedge formation on the weekly chart. If this week closes above 5.31 falling wedge breakout will be confirmed. Stoch RSI is extremely oversold on the weekly chart. Tom Demark count gave a red 9 and counted extra 3 bars. In upcoming weeks I expect a bullish rally to start. Here is my long term trading idea: Long at: 5.26 - 5.31 Take profit...