USD/TRY : Sell Trade SetupAscending Channel Pattern Forming Now making Bear Flag in H2 which is Bearish Trend Continuation Pattern.
Let see How Market Moove.
ThankYou
Usdtrylong
LINKUSDT 1H CHAINLINK Binance Futures - MACD/RSI DivergenceWe're seeing a significant and pretty clear divergence in the RSI and MACD on both the 1 hour and 4 hour charts indicating a potential trend reversal to the downside 618 fib.
My trade entries will be shorts at
4.65
4.68
4.70
4.85
@ 25% of my initial risk size.
I recommended trading with 5% of your stack on this particular trade.
Take Profits (TP)
@
4.2
4.4
4.45
4.5
ALWAYS REMEMBER TO USE A STOPLOSS
For this trade I would recommend setting a heavy stop loss at 5.05 and 4.8 where we are seeing some heavy resistance
With the pattern intact we should be seeing the trend reversal within 24-48 hours and given the momentum of the previous movement range, we should be capped at about 4.1.
Thanks for reading.
USD/TRY Important Weekly CloseUSD/TRY
After flipping the main resistance trend into Support
The Pair is approaching Key Weekly Resistance zone
Flipping This Zone into Support will open the door to test below level in the short term:
6.29
6.41
6.56
Rejection here then we Retest 5.9 as a potential Support
imo, Weekly Close is very Important
This is not Financial advise, Pure classical Chart analysis with no relation to any Macro or micro economic Analysis
USD/TRY Short term levelEven though financing rates against Lira are quite painful, we believe it will take a day to complete this. Last time we spotted the move down even though we got stopped.
Entry: 5.875
Stop: 5.835
Target: 5.93
Have a nice week! Follow for more.
ridethepig | USDTRY 2020 Macro MapWith the year almost up, a good time to update the USDTRY chart. Smart money has been tracking Turkish rates, the short end has been screaming weakness and markets not interest in any more BS with the dictator in charge. S400 remains a thorn in the shoe and blackmailing to close NATO bases is leaving a nasty aftertaste.
For those who have been tracking the previous swing, the underlying Lira weakness is set to continue over the coming years with an eventual grind towards the widely tracked 7.8xx target since 2018.
Expecting markets to remain on the back-foot as long as Erdogan remains at the helm, this will dislocate from the USD devaluation as simply the TRY side is far weaker... all short and medium term flows will lack follow through so targeting 6.00 in Q120, and 6.50 in Q420 seems reasonable. For those really wanting to stick the knife into the bearish TRY story 7.80 in 24m.
Thanks for keeping the support coming with likes, comments, charts and etc. And as usual the comments are open for all.
BREAKOUT IDEA BTCI believe that we will not more go below in down trend, i expect a breakout
i have made a example of the idea. its just an example idea.
Symmetric Triangle + Cup&Handle Formation - Graph is tighteningSymmetric Triangle - with forming a higher low as cup's base.
Cup&Handle Formation - if it closes the handle, target is 7.50.
I think it will break up finally.
Bullish.
USDTRY, 1hBuy stop order.
1. Descending trend line crossed above.
2. Support zone.
3. Candlestick pattern.
USDTRY, 30mBuy stop order.
1. Descending trend line crossed above.
2. Support zone.
3. Candlestick pattern.
USD/TRY Long PossibilityThis idea is for demonstration and educational purposes and does not constitute a signal. If you enter, you do so at your own risk. Please use your confluences before considering an entry.
Price resting at key level in the market; on lower timeframe we have a descending wedge. WATCH for bullish impulse to the upside before entry. Current price action is kind of weak; we want to capitalize off of high volatility in the market especially because this is an exotic pair, with likely higher spreads depending on your broker.
usdtry buy long term forecast on the usdtry, share ur thought in the comment, like and follow if you looking for more
