USDTRY trade ideas
U.S. DOLLAR / TURKISH LIRA LONG in the specified area.Price action trading.
There is always a risk of capital loss for any investment. The investor shall make the final decision after studying and researching each provided analysis extensively and shall take responsibility for any consequences.
USD/TRY bearish break out might happen soon!Hi every one
USD/TRY
USD/TRY has formed a rising wedge this means there is a strong chance that this instrument would decrease It's price soon! there is a strong resistance at the top of the wedge(shown in the picture) so our guess is that the price would reach the top of the wedge and after that the price would start to decrease! (the support levels are shown in the picture)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
usdtry 4h ( will get 8.463 or 7.99) depend on stablein the previous idea we said will get 8.50 then will be started to down, you can see it below.
so:
above slope line (8.580) will get a Blue circle
under Slope line (8.230) will get a Red circle
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my previous idea about usdtry on 12 May:
USDTRY: NOT SEEM GOODif candles light under 8.21, cancel!
important note: it is not investment advice.
full respect,
USDTRY 4H (upward, target 8.58)in the previous idea, we said usdtry will get 8.50 nearly, so now we get it, and made stable above it.
above slope line (8.58) will get a Blue circle
under Slope line (8.230) will get a Red circle
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my previous idea about USDTRY :
USDTRYTurkish Lira can finally get back on its feet thanks to the weakening US Dollar.
-Entry @ current market price
-Stop-Loss: 8.10
-Take Profit: 9.50
USDTRY 4H & 1D (take care of slope line)hello guys,
on the 4hours candles:
now if the price can't breaking the slope line will get a blue circle 7.99, but We should care for breaking the important price of 8.46 because If break 8.46 I think will get a historical price of nearly 9.00
but if the price look at the down and break the slope line surely we can get Red Circle 7.99
On the 1D candles:
here we have some important price if the price broke 8.46 and stabilize there will get 9.40
but if the price broke 7.98 for down and stabilized there will get 7.50
USDTRTWe are going to the 8,57 but first we'll break 8,42. And than take off to the mooon (it is a joke :)!!!
Please, don't get me wrong, but I'm so tired, becouse of thinking my countrys stuation. if you are still not understand what Im tryingto say. Please, look inflation or interest rate, and type this on google "thodex fraud" or look at ETH/TRY chart. We did see the same thing on avax/try chart earlier.
I am bored from our economic style.
USDTRY 4H (wait to stable above or under 8.327)In the previous idea, we got the target,
we said will we got the 8.38 the price got the 8.37 exactly so now the price has down,
we should take care if stable above 8.327 we can buy again till 8.38 and 8.50
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if the price stabilize above 8.237 will get up
but,
if stabilize under it will be downward till red lines
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my previous idea about TRYUSD on 5May :
a cup of tea miss money penny?saw @secondtonumb8 idea, digged in and found a smaller cup and handle.
courrently running in a channel built from 2015(res) 2018(sup)
the sucker is going up, will wait for break on res line of the cup, sl on the 50%of the channel(grey), might be thight, could be a good idea letting it breathe at entry somewhere in the yellow supp area.
look at @secondtonumb8 idea for a longer term perspective
Taking some profits off the tableTook some profits off and broke even the trade as it is spending slightly too much time in the value zone. If it finally breaks out of the range, I'll look to buy the pullback
Critical days for Lira againif bullish pennant broke to higher, it will aim 10.00 - 10.20
if broke to lower it will aim 8.00-7.80. but Lira will gain some time only for this option. do not aim much lower for now
because of the high CDS , the fair value for Turkish Lira announced 9.50
USDTRY 4h (general direction is upward, target 8.3800)general direction still now is upward
Timeframe on 4h:
1.Stabilize Above supply and demand zone will be upward
2.Stabilize under supply and demand zone will be downward
Simple isnt itAvoid the noise. The picture is clear.
Long when touches the line. Short if breaks down
