The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend. No sign of divergence so, we can easily rely on bull flag continuation pattren. Dow theory and reversal...
Already vulnerable, Turkey’s economy now faces massive earthquake recovery costs:
After a difficult year, things finally seemed to be looking up for Turkey’s beleaguered economy in early 2023. Just six months earlier, in June 2022, the economy was on the brink: Turkey was facing a potential balance of payments crisis, meaning it would be unable to redeem...
the pair is trying to go higher after testing the local static resistance line. we are expecting for go higher toward 20.35
please share your comments and like if u re interested
tnx
Turkish Lira at 20 and our trade is now complete:
Perfect (re) entry at 15,8 before that Breakout: and it was a 'perfect entry':
Let's not forget the also perfect first entry here: www.tradingview.com
Trading wise i must admit, these EURTRY trades have been fantastic for us but at the same time it's a worrying sutuation for Turkish people (maybe not so much...
EURTRY $EURTRY Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: EURTRY is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
I am aware of the current geopolitical problems in the world and especially in Turkey.
Also the economy of Turkey has had a very hard time.
In 2023 there seem to be re-elections. Maybe if they get rid of Erdogan there can be a future.
Also 2023 is like the holy grail year for the Turks because they can "pump the oil out of the ground", because of a so called...
Firstly, a Perfect entry:
Secondly and most importantly:
EURTRY Long perfectly hedged the EURUSD Short from 1,23 to parity:
Not sure how impressed anyone might be but hey: professor proved the nickname with this set...
Not to mention that is also hedges EURAUD Short now (that has replaced EURUSD short):
Been killing it, couldn't have asked for more.
One...
Looking for a small sell on the EURTRY. The pair is forming a small expanding triangle which is a continuation pattern for further downside.
I will be looking at this pair as we come close to the Moving average & on Zero crossover.
Best regards
