this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Hello Traders,
I'd like to take a moment to discuss a rather peculiar scenario unfolding in the world of Forex, centered on the Turkish Lira (TRY). It's a tale of two paradises – a seeming conundrum where what seems like a hardship for one can be a fortune for another.
🔥 Hell for Turkish people:
Firstly, let's understand the current state of Turkey's economy....
Some governments (not the people) prefer their currency cheap, it helps with exports.
People choose their government. In this case Erdogan has been re-elected.
A cheaper Turkish lira supports the plan of what I call 'Islamo-Chinaization':
Cheap currency helps bring tourism and business but does not help the Turks study abroad or buy from abroad. China for...
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
I'm writing to you today to discuss the recent election results in Turkey and how they have impacted the value of the Turkish lira.
As you may know, President Erdogan's party suffered a significant setback in the recent local elections, which has caused a drop in the value of the Turkish lira. While this news may concern some, it presents a unique opportunity...
Big Correction ahead.
Divergence in Rsi with a Rising wedge makes the Perfect combination for a reversel.
Second Round Elections can shake this currency pretty fast..
If the opposition of Erdogan, in this case Kemal, wins the trust can come back and a 20 % corretion can be done very easily andd fast pace.
I am not a Financial Advisor but i would like to go back...
I'm just messing about with parabolic curves on EUR/TRY.
Do not buy, sell or hold in accordance to this chart. None of the graphics, drawings and explanations on this page do not include investment advice.
EUR/TRY is in a bullish trend and currently forming a Cup & Handle pattern. Cup & Handle is a trend continuation pattern and we are expecting EUR/TRY to continue the bullish price action.
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...
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold
Fib Retracement confirms a target to the Long side
Take Profit is Derived from Pivots
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
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold
Fib Retracement confirms a target to the Long side
Take Profit is Derived from Pivots
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...
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
DO NOT FORGET USING A STOP LOSS
Warning:
This is just a suggestion and we do not guarantee profits.
We advise you analyze the chart before opening any position.
I wishes high profits
