Usdtryshort
USDTRY - short at H1Look to the left.
16 Aug 2018: 5.67354 breaks the symmetrical wave rule (reversal pattern) for a long-term downtrend, counted as wave I.
30 Aug 2018: The market corrected for wave II
Thus, I expect the market to drop from Wave II to Wave III.
- Monitor 1: wave group on I, II, III ... (Down)
- Monitor 2: H4 wave group (1) (2) (3) ... increase the tuning wave (3) and break the trend from the wave (4)
- Monitor 3: Wave group H1 1, 2, 3 ... appeared the rule wave symmetry.
* Sell limited: 6.38927 - 6.50385
* Stop loss: 6.86093
* TP1: 5.49678 - TP2: 5.18436 - TP3: 4.66535
Like, comment, follow for me. Good lucks.
USDTRY 4H Short and Buy setup USDTRY 4H Short and Buy setup
Short TP: 6,15000 - 6.05000 -5.96167
Long TP: 7.08622 - 7.41560 - 8,24747
This is not investment advice
Obviously I do not use sl , adjust according to your own account.
USD/TRY - 400 Short OpportunityUSD/TRY still hasn't found a strong support and thus, a move down further below is possible.
USDTRY can be a little quiet...USDTRY can be a little quiet. The exchange rate has the potential to create a decreasing triple wave structure. It is currently heading towards the end of the first wave structure. The triple wave structure clamping axes can be formed by 2 ATR axes and two wave axes. Along the four boundaries, we expect the formation of a decreasing wave structure. 5,733 target price.
Target 5.20s if breaks and closes below 6.00There seems to be occurring an inverted cup and handle formation. Watch for break and close below 6.20.
5,42 might be the short, even mid term topMost Possible Scenario for the short-medium term
We are out of Bollinger bands , the USD/TRY overperformance might be over for some time.
Probably a short to medium term top. USD needs to consolidate before continue the bull run.
In the mean time, BIST 100 , while USD is resting will try to push for 100.000 level as a first step. Turkish manipulators will use that consolidation period to push the prices up by using the same reason why it was sold off. Cheaper TRY attracting new investors to BIST. Use the wave but never believe their bullshit
USDTRY 4H scenarioUSDTRY 4H scenario
Sales Scenario:
TP1: 5.17990
TP2: 5.15715
Buying scenario:
TP1: 5.38904
TP2: 5.45134
TP3: 5.54615
TP4: 5.55189
This is not investment advice
Obviously I do not use sl , adjust according to your own account.
USDTRY / HIGH RISK SETUP BUT SMALL LOSS!FX:USDTRY We can try to take short position, very tight stop!
If you think this analysis can be useful, leave a your comment or your ILIKE!
USDTRY SellFollowing trend lines, this could be the end of the rally may turn into long term trade.
Intuition also.
PRESSURED TRY SEARCHING A HOLE TO BREATHEExotic currency to watch for ---> South African rand USDSAR, Mexican Peso USDMXN and Turkish lira USDTRY
TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe!
Long term bullish on USDTRY but we might see a retrace from higher levels
Watching the action and getting ready to short!
USDTRY - LibraPrice was around 4.66 when i notice libra and start to share it,
Going so fast, and rectangles bottom fits to target,
Lets see how its gonna play
SHORT OPPORTUNITYI told you on the LONG trade to close or at least reduce position at 4.75 and I was thinking about opening a short at that stage as it was struggling at that resistance.
It seem to be now at the top of a consolidation channel. We have a few signs of the price heading south the EMA cross over, volume decline, RSI cross over and the consolidation channel forming along with the bull failing to break the last resistance. BUT we also have an hidden bullish RSI divergence. I will wait for a full cross over of the EMA, probably on the 4H to enter the short. RR ain't too bad but again I might be wrong so keep the negativity out please.
Trade Safe!!
USD/TRY (Flag Formation)I see some bullish divergence on 4h chart for macd and rsi + flag formation.
Buy-in level:
4.35-4.46
Profit Targets:
4.57
4.72
4.92
Stop loss:
4.28
Have a nice weekend,
Berk
USDTRY , Prising of Results After Turkey's central bank to raise interest rates, I think this will continue to decline as the impact on the pair. but I think that this decline is not permanent. election shall be held in Turkey on June 24. I estimate that the price of the dollar will be 4.40 Turkish liras until this date.
IT IS NOT A INVESTMENT ADVICE !!!
