USDTRY correction phase goes onThe latest bullish pin bar shows that a market maker is indeed in the background.
USDTRY trade ideas
Turkish Lira - Big Frame TAHello.
According to my (theoretical) Model, Lira is Trading in a exponential downward curve channel and about to drop arround 50% soon.
Its currently Trading near the Support Curve, after we saw a 2nd Retest and i think its about time we go to median and Resistance Curve.
Thats where i plan to buy Lira. Personally not shorting Lira.
Its pretty theoretical yet, but lets see what the coming month´s bring.
Do yourself a favor and do your own Research.
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USDTRY- BUY strategyThe market was extremely quiet, and that always makes it difficult to chose a side. Even when we have moved from 13.80 area, the market so far remains non committal to a decisive move downwards. The rumors being government intervention behind the move, and fundamentally economist still worrying strongly about inflationary pressures. Short-term market is mixed, but only long-term conditions are very overbought, but suspect we see higher first,
The short-term technical picture still suggest upside potential. The MA-10 vs. MA-30 still positive, and the stochastic albeit negative seems to point upwards.
We have supports below 12.30 and next 11.30, and resistance 14.08 - 14.25 and then 16.30.
I remain being long 13.50-13.90 (and below) but placing stop below 12.30 for now and profit objective 16.00.
USDTRY- 13Jan2022USDTRY- 13Jan2022
On the H4, price faced bearish pressure around 14.000 and dropped due to an overall DXY weakness. We could expect deeper pullback to continue to 1st Support at 12.4850.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-BUY strategyNo change of view. Yes, it is a super slow market without much movement at all. That is why it is a real selection which side to choose.
Based on positive MA-10 vs. MA-30 and MACD positive, the BUY side is likely the better one for now. BUY between 13.50-13.90 for move to 16.11. (resistance 14.08) and stop loss below 12.30.
USDTRY- 12Jan2022USDTRY- 12Jan2022
On the H4, price flirted with the H1 inverse h&s target at 14.2250. We remain cautious on the upside till the price close above 14.2250 or risks from any domestic headline news.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY 4H (generally to up.)U.S dollar vs Turkish-lira, the price can stable at this zone above 13.50 during a week , so I expect will make a retest till 13.5 from there and then again to upward by breaking 13.76 will be a strong uptrend
USDTRY-BUY strategyThe market is non-moving till now, and there seems to be a clear balance between BEARS and BULLS.
The MA-10 vs MA-30 has crossed positive, and usually this suggest up move is imminent.
The regression channel has clear defined points, and 14.16 mid-point, and support 12.36 area and a top above 15.00s.
Due to the lack of movement waiting is the greatest enemy. However, we have BUY signal now, and stochastic (not shown) is negative in fact, This means buying should be between current 13.75- 13.25 and place stop below 12.36.
Profit somewhere above 15.00.
USDTRY-BUY strategyThe slow movement any direction is of concern to me.
I abort my SELL strategy view, as the daily chart MACD is positive now, and the 10-MA vs 30-MA looks turning upwards.
It feel we see above 14.2500 > 15.50. For give me for the change in view, but I always state my opinion as per the presented conditions. The market is right no in now mans land, and since we have not see a down move, as it should have, the likely move is upwards now based on the MACD.
Strategy BUY current 13.25-13.80 for a move towards 15.50. Stop-loss 12.40.
USDTRY- 10Jan2022USDTRY- 10Jan2022
On the weekly, price continue to grind higher and close above the previous candle. If price can close above 14.230, we could expect it to continue upside to 16.045.
On the H4, price is coming into H1 inverse h&s target at 14.2250. We remain cautious on the upside till the price close above 14.2250.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- SELL strategy (4-hourly)We have been ranging for a while now, and the stochastic is negative. For a 4-hourly chart a negative stochastic can reach a 1.30 points down move to satisfy the stochastic. This means from 13.80 back to 12.50, and the cloud support is 12.00 right now.
I suggest remain short, or go short current 13.8000-14.15 and keep stop-loss 14.35 still.
Profit order 12.25-12.50. After we have reached that we re-access the market.
USDTRY- SELL strategyThe 4-hourly Ichimoku chart starts showing support for USDTRY upwards.
However, the stochastic viewing historic performance, the stochastic is negative, and this shows we do have selling pressure.
The open cloud support is at 13.00 right now, and this is what I mean by support for the USDTRY.
For now remain short and keep stop-loss 14.2500 and if broken, we may likely see above 15.50 again.
USDTRY- 07Jan2022USDTRY- 07Jan2022
On the H4, price have abit more upside to 1st Resistance at 14.2250 which also coincides around H1 inverse h&s target. Once price hits that level we could start expecting the USDTRY to pullback to 1st Support at 12.4850
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- SELL strategyNo change in view. The MA-10 vs MA-30 still negative (but turning) and the DMI positive but weak.
Market is not showing clear wish to move higher.
I prefer still short with tight stop-loss above 14.20 (let's say 14.35), as a breach may open the way to 15.50-16.25, before down again.
For now keep profit order at 10.50-11.00.
USDTRY - Long-term SELLThe USDTRY has had wild range of late, and if we look at the monthly chart, the picture suggests we should see 9.1100 GANN support objective. The current market price is above the BB top and usually with such wide difference between BB base and top, the price activity will adjust downwards when trading above the BB top. The middle BB range is 10.11, and we have GANN angle support 13.10 area as well. RSI no doubt extreme still and not corrected enough.
From a long-term perspective we SELL current and higher in very small increments to ensure we don't get blown away. the objective is 9.00-9.50 at least, and stop, well depends to your risk appetite. I would add small increments on way up between 13.50 > 16.50 if seen. It is not likely to re-visit 18.00 for now (but well who is to say :).
USDTRY 4H (Uptrend)U.S. Dollar vs Turkish-lira, still now is upward, because of the Turkish politics don’t have any substitute to drop turkish-lira,
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Tendency: upward
Entry: above 13.50
Target: 13.85 & 14.28 & 15.50
Sl.: under 12.35
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USDTRY - SELL strategyNo change in view. Remain SHORT for now with a stop-loss 14.35.
The DMI is positive, but the NEW MOON phase is useful in advising on potential turning, and NEW MOON means expected downward move. It is based on moon cycles and it appears to help a lot along other indicators, is my view.
Strategy SELL current 13.25-13.75 for profit order 10.50-11.00.
USDTRY- 06Jan2022USDTRY- 06Jan2022
On the H4, price have abit more upside to 1st Resistance at 14.2250 which also coincides around H1 inverse h&s target. Once price hits that level we could start expecting the USDTRY to pullback to 1st Support at 12.4850
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-SELL strategyThe slowness of move suggest that we are in a more balanced environment. The BULLS and BEARS are exchanging positions only.
This suggests that we may have difficulty moving beyond 14.25 for now, and I feel that SELL strategy makes sense looking at the GANN angle resistance and the room we have to move lower.
Strategy sell current 13.25-13.75 and place stop-loss above 14.25 (keep some room) and ensure small position sizes only. Profit order to be placed 10.50-11.00 once again.
For LONG TERM players no stop and add on highr levels, but profit level at 9.46 for now.
USDTRY - cautious SELL strategyThe USDTRY pair starts looking tired. It does not seem to trend upwards.
The 4-hourly chart starts looking negative, i.e. the 10-MA vs 30-MA turning and ikely may break. The stochastic is negative, and the DMI is flat and DMI+ below signal line. Further, providing we remain below 14.25, the chances are we move lower 10.50-10.75.
Today am preferred SELL at current 13.20-13.50 and place stop-loss at 14.35. If broker, re-sell 15.25-15.50.
Profit order 10.75 for now.
USDTRY- 05Jan2022USDTRY- 05Jan2022
On the H4, price have abit more upside to 1st Resistance at 14.2250 which also coincides around H1 inverse h&s target. Once price hits that level we could start expecting the USDTRY to pullback to 1st Support at 12.4850
This is for personal record purposes only, not financial advise or solicitation of trade.
