Technical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Gold Bullish
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking only Buy Signals
Trade Rule 2: Only Buy Signals
Trade Rule 3:...
Technical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Gold Bullish
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking only Buy Signals
Trade Rule 2: Only Buy Signals
Trade Rule 3:...
Turkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency.
Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also below expectations (38.2% in June vs 39.4% f/c), while consumer prices were slightly below previous month’s figure (June PPI...
It is not very convenient to predict Turkish Economy based on charts as there are many alter decisions that shapes out the power of Turkish Lira compared to other currencies but I found this channel on logarithmic chart which suggest 37-38 levels might work as a resistance.
Analysts from investment banks such as JP Morgan, Goldman Sachs predicts Dollar/TRY might...
GBP/TRY bullish due to new president elections. Positive sentiment surrounding political stability and economic reforms expected to increase demand for GBP, pushing the pair higher.
It is making higher highs and higher lows but it has tested its ascending channel resistance once and it is pretty close to its 1.236fib resistance that's why I have opened a short trade.
GBPTRY is a great trade as always, even better when traded with 0.0 pips spread and NO swap fees.
On topic - looks like an inverted head and shoulders pattern on this time frame and may rise up quite nicely today, tomorrow, toy Yoda.
Or it would fall under the descending triangle pattern and slide back to where it came from.
Let's have a look-see.
This is just...
I think at some point in the future the Lira may set up the Mother of all carry trades (Positive swap + correct direction) - but we're down so super hard in the XTRY pairs I think this is a great buying spot. For at the very least a mean reversion move. If we can break over the 76 retracement we might see an epic blitz up move in the XTRY pairs - before, finally,...
TRY GBP long, seems like an extreme price range, hence i expect a pull back to 0.08 followed by a continued decline or a break above 0.08, but i guess only time will tell.
I see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis .
1% Risk - 2:1 RR
GBPTRY completed its downward movement inside the descending channel since June 2021 and is now bouncing back.
50 SMA is about to cross upwards 200 SMA, which will be the confirmation for further upward move.
The price is rejected by support 11.7160 and Bollinger band suggests buying from here. The final target is 12.0000
GBPTRY on the 4h chart after the recent impulse retraced at the 0.5 Fibonacci level.
The market starts to consolidate ove a minor support and according to Plancton's strategy if the price will break above we will set a nice long order
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue...
