Regional activity of Mr. Erdogan with a multiply vector of conflicts between Syria, USA, Russia and other countries borders with Turkey is a main theme for further depreciation of TRY.
President Joe Biden became the first US president to officially recognize the massacre of Armenians under the Ottoman Empire as a genocide. This is a new risk.
Not legal and...
TRY is one of further depreciation and new all-time lows
Lira depreciation to stay, and risks still tilted to the downside
trend trading
trend is bullish
Just trade the trend!
1 Apart from the Japan intervention, US Treasury bond yields renew fears of recession and also weigh on the risk-barometer pair, not to forget the recently softer US data. However, the Bank of Japan’s (BoJ) defense of easy-money policy joins the recently softer Japan statistics to propel the JPY pairs
2 Trend is bearish
3 Bonds:Going down
This is my high risk, long term carry trade for 2023 (opened in 2022, looking to add to my position further).
The swap rate is very attractive - to provide some insight, I have received a 3% account increase since opening my first long position in 2022, through daily interest receivables.
The Fundamentals... Turkey has potential. Exports are climbing. The...
Fiyat direncine doğru hareket ediyor 0.786 noktasında oluşturduğu likiditeyi almak isteyecektir 0.786 likiditesinde tp almak mantıklı olur eğer fiyat bearish hareketine devam ederse ob bölgesinde oluşan liquidity voidi doldurmak için düşüş hareketine devam etmek isteyebilir
Thin Profile (See Chart)-
Indicates a trend
One side of the market is very aggressive
No time to accumulate volumes
Volume clusters within the thin volume profile
In Forex- most of the time with major pairs- means imbalance which is a great trade to do apposite of that move, in minor Forex pairs means very little liquidity and volume and means harder to...
this is my bearish trend idea. how ever wait for clear trend continue moment and wait for trend continue after can entry .this is my opinion not for any signal service .good luck.
You have any hesitation above the chart
Have any glitch on the TRYJPY monthlies price chart ? i hope traders can properly indentify my charting glitch !
TRYJPY expectation is rights?
TRYJPY will be gone moon !
#TRYJPY Where will be arrived?
TRYJPY BULL prive movement prediction ready i believe that .
TRYJPY mine own perspective so what's your opinion on the...
You sometimes ask me how I structure my forex technical analysis.
Today I will share 5 simple steps that I go through myself to determine the direction of the price.
So.
Step 1 - start with a large TF to analyze the global price movement and mark major levels.
Step 2 - Go to Week 1 TF to find major trends and recurring items.
Step 3 - I use the daily timeframe to...
Hello traders!
Trading on the stock exchange is much more than just making deals. This is a whole algorithm of actions, following which we consistently achieve success.
Trading does not start with the opening of a trading session. Trading starts with preparation!
Fundamental preparation - studying the laws of the market and trading rules. And daily preparation -...
The liquidity of a currency pair in other words is the ability to liquidate any amount you need (sell, for example) when you need it, without tangible loss of time and income.
The higher the liquidity of the pair, the more reliable and attractive it is for trading. This implies that there is strong demand and high supply for this asset.
The higher the liquidity...
I am sure you already know that the Forex market works around the clock.
However, when a trading day ends in one part of the world, it begins in another. Therefore, it is customary to talk not about a trading day, but about a trading week. Well, within one day the market is "divided" by investment sessions.
Investment sessions are the working hours of banks...
My last post-learning about patterns got a very lively response. I realized that this topic is interesting to you.
In the messages, I was also asked to talk about the "Harmonic Patterns" or, in other words, the Gartley patterns, which got their name thanks to the first who discovered them on the charts - Harold Gartley.
What do you need to know about these...
Let's say you're new to trending. You have a deposit - for example, $ 10,000 - which you are ready to invest in earnings. And you come to the market with one thought - how to make more money!
Stop!
The first question that you should ask yourself before starting trading is: "How not to lose the money you already have?"
Risk management will help you with this....
