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Usdtryanalysis

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
by Baris_Sozen
USDTRY are we going to see the 5s?If you remember the date of 23-05-18, the central bank of Turkey had made committee decisions, the Turkish lira gained about +8% and USDTRY was decreased about -8%. The history repeats, the meeting will affect a decrement upon the value of TRY positively on 24-07-18. However, at that time, if the USDTRY sees the 5s then we can say these conditions as I said. Now the time is the wait for the key level about 4.70s. After that, we can make long to 5s. Here is the plan; 4.65 to 4.70 long 5.02 to 5.10 short Now is short until long levels.
Short
by volkn
2
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!!
Short
by Med_In_Trade
2
EASY BREAKOUT TO PLAYEither it continues its crazy bull run that shows up on Daily/Weekly and Monthly Chart, USDTRY is to pullback at some point, a descending triangle setup on 4H & 1H chart is forming. Now it can either be the reversal pattern that will give us the pullback or it will just be the continuation pattern of that crazy bull run. I let you G O O O G L E for the probability but I think it is like like 70/30 but the good thing when trading a break out is that it allow you to have a tight S/L therefore a good RR. Not financial blah blah... Trade Safe!!
by Med_In_Trade