Uptrend channel has been broken, will short here. TP1- 7,40 TP2- 7,33
HELLO EVERYONE Hope everyone is having a good one as we head to the next week in the charts, Here's a look at the DOLLAR / TURKISH LIRA FROM A 4H perspective * The pair has been on a down trend in a descending channel structure that has been respected. * Currently range bound in a symmetrical triangle structure which could breakout in either direction so price...
Shorting USDTRY @7.43 Interest rates are very high (17%), therefore it seems unlikely to break the 7.44 resistance. The Chief of Central Bank says that they can increase the interest rates if foreign exchanges rise against Turkish Lira.
If the rising wedge will be broken, I will go for short until 7.20-7.25 support level. Stop loss above the resistance line.
Hi everyone! USD/TRY pair has every chance of decrease. Therefore I set the purpose the next support (a little higher) at the level of 7.08. Sold on 7.33 TP = 7.08 SL = 7.49 Information provided is only educational and should not be used to take action in the market. This section is intended for short-term speculation. Be ready to leave a position at any time.
DAILY CHART W/ SUPDEM & PARALLEL CHANNEL FORMATION If you find my analysis useful, you can support it by liking and commenting.
Are we going to see the same recovery in 2018? TP: 6.54
The price is below 250D MA 6,99 is 300D MA, This pair has never been able to break 300 MA 7 is a very strong psychological support Trade at your own risk!
Hey guys as you know we told correction time for usd/try now price is coming our reaction here I think we can see up movement her
short-time trend (the red one) is expected to have a comeback just right now to at least 0.38 fibo-expansion otherwise we should expect a comeback about 7.37 in the first place and if we lost this support again we should expect 7.20 in a period of 1 to 3 months. goodluck FX:USDTRY
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