USDTRY reverse shoulder-head-shoulder formation?USDTRY reverse shoulder-head-shoulder formation? If market price break the last high (3.7450) also formation will work and the new target will be the main high levels (3.94) again. Good Luck!
TRY
Rest For A BitThis is, without doubt a long position for the long term. Diving into macro economy of TRY, it's not looking good, compared to EU. Currently I will wait and see if it's going to take a breather, before I jump in for the long run. Worth keeping an eye on.
USDTRYWeekly - Big Bearish Pin Bar Setup
Daily under 21 SMA, Rejection of 8 EMA.
Multiple Rejections at key levels.
Bullish Bat Euro/LiraSince October this pair has entered into an aggressive uptrend! Price is moving in a bat formation, heading towards our PRZ. As per natural behaviour, price may enter slight consolidation at the PRZ before continuing with the original trend; I will be looking for an entry asap once the C-D wave is complete. 1st and 2nd Take Profit levels at 38.2% and 61.8% respectively of the distance from A-D. Stop loss slightly behind the X coordinate.
Bat Ratios:
AB: 0.382-0.5
BC: 0.382-0.886
CD: 1.618-2.618
XD: 0.886
USDTRY short trend is going on...This week i think we can short USDTRY from 3.72 and target 3.61 levels.
AUDTRY @ daily @ highest H/L-Range of 741 cross-rates this yearThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close(1482 Cross-Rates)
drive.google.com
Best regards :)
Aaron
GBPTRY @ daily @ highest H/L-Range of 741 cross-rates last weekThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close(1482 Cross-Rates)
drive.google.com
Best regards :)
Aaron
TRYRUB @ daily @ last 10 weeks down (friday by friday)This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close(1482 Cross-Rates)
drive.google.com
Best regards :)
Aaron
EURTRY StraddleDaily time frame suggests an opportunity to capitalize on indecision and/or manipulation in the market.
Sell limit set at 4.06358 with a 461 pip stop. Risk = $12.50 (1/4 of 1% of equity).
Buy limit set at 4.01748 with a 461 pip stop. Risk = $12.50 (1/4 of 1% of equity).
Both orders expire 10 minutes before London close.
No take profit target will be set. Trades ride to stop loss or until I choose to take profit.
AUDTRY @ daily @ only 3 (of 741) pairs performed higher while`17This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Performance in percent while this periods (1482 Cross-Rates)
drive.google.com
Best regards :)
Aaron
REBOUND from Strong SUPPORT and OVERSOLDIt looks like it has reversed from the strong support we have as per chart and RSI indicates oversold. Stop loss below 29 seems a safer option and uptrend will be quite strong. It can go up as high as 32 for now.
Good luck and stay safe!
Two optional path after USD weakensDespite USD weakens red support line worked. But volume is low now 3 hours later volume will be higher so probably it will chose one of the paths I draw
possible movement of USDTRY in the coming weekbreaking the line above, will take the usdtry till 3.54 and it would be resistance, probably bearish move will start till 3.47 , if this senaryo not happen USDTRY is likely to move up till 3.60 - 3.70
TRYRUB @ -17.30% one of (1482) best performer (4th Quarter) !Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
1482 Cross-Rates (4th Quarter Statistics) @ drive.google.com
Best regards
Aaron
USDTRY Setting Lower Lows, 61.8% Retracement CompleteCan we expect more decline from this point? I believe so and here is why:
Since it reached all time high, USDTRY was unable to continue that trend and started making lower lows if you look at the 1h graph.
First real decrease happened in the previous few days and 61.8% retrace was completed with the pair unable to continue higher.
RSI bearish, MACD pointing down.
In the short run, traders can benefit from short selling USDTRY.
In the long run, however, I still stick to my idea of an inflationary dollar (ex. EUR/USD going to parity, even lower, USD is to be inflationary and we might see appreciation due to avoiding capital outflows, high bond prices and worryingly low bond yields).
Good luck!
GBPTRY bullish continuationI am looking to add more exposure to GBP investment, I already have Gbp/SGD now adding agressive to Gbp/Try
USDTRY Simple Double Top TradeChart is self explanatory, upward trend with double top formation, failed to set a new high
GBPTRY Pound-Sterling Not So Strong Entering 2017Follow up on my idea about weak GBP in the last month of 2016:
Major GBP pairs (GBP/JPY, GBP/CAD, GBP/NZD, GBP/USD) all experienced decline on Monday, 28 Nov, with most of them hitting resistance levels which are too strong to be broken despite the major GBP increase throughout November. With UK appealing against the court decision on Brexit, GBP could see drop in value until a final decision is made (expected to be made in 2017 with appeal starting on 5 December).
Technical indicators also show weak bullish signals with RSI, MACD, Resistance line and Fibonacci levels all suggesting a likely decrease in the following weeks.
