Turkey
END OF 4 YEAR OLD RALLY I GUESS...Floki today met with Allah on episode. He stoped vikings to kill praying muslims..
So... This is signal i guess ultimate short time... stoploss above there....
good luck...
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
Moodys Downgraded Investment Note.Welcome to final battle of this journey. We have multiple targets. 3.13-18 LEVEL. OR extension 3.40. We will see this battle. Which on e will be final end ? No idea....
Long term my view. IT came to upper band. amazing. I didnt thought that this will be that high... maybe over 3.10 3.15 that can be finished a small 5. wave. but the rally came to this area. amazing... dow jones rally all time... we crash. so. my view is like that. if it spikes over that trend line that will be cruel.. hope not. so .... shorting for long term from this prices will be great opportunity.. can be wrong of course.. but i am doing this.... so far i have loss..
Holly shit... 2001 price !!! Look at the montly chart. Turkey s best company Turkcell at 2001 price level. Amazing. No explanation for this. NO NEED RSI OR MACD....
THIS IS HUGEEEEEEEEEEEEEEE BUYINGGGGGGGGGGGGGG OPPORTTTTTTTUUUUNITTTTTTTTTTTYYYYYYYYYYYY
...
NOTHING MORE
BUYING...
USDTRY LONG Above 3.1150 Only long if price moved above 3.1150 Level Stop Loss at 3.0700 Target at 3.25
LONG TERM VIEW. WHEN WE LOOK AT THE WEEKLY CHART. THERE IS A POSSIBILITY THAT EVERYTHING WILL BE FINE. THIS CHART IS SUGGESTING A LONG TERM TOP PATTERN I GUESS. BREAKDOWN OF MAJOR TREND LINE THAT WILL BE STABILITY AND SIDEWAY MOVEMENT I GUESS. BUT NOW THERE IS NO SELL SIGN THIS IS A VIEW OF THE CHART. RSI AND CHART SUGGESTING A LONG TERM TOP. LOOK AT THE LITTLE TIME PERIODS FOR TRADING.
TRY/RUB – SHORTTurkey will be the looser of the upcoming conflict with Russia (3. World War).
Target @18.50
USDTRY: Resuming the uptrendDear traders, it seems like it's time to reenter USDTRY longs. Now with price moving firmly back above the (fake)coup key level, I think it's highly likely to see the dollar rally resume, against the fundamentally weakened Turkish Lyra.
My signals group is long for a day already, from 2.9920 with stops at 2.9707. We're looking to add to longs here, and trail our stops up gradually. You can take the long here and use the stop and take profit depicted on chart. Risk 0.5%-1% on it.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
USDTRY: Long dollar and yen amidst uncertainty and risk offI've compiled the news events that surrounded significant rallies in the USDTRY pair in this chart, as well as analyzed the daily and weekly signals on chart. We can conclude the pair is headed towards 3.14825, to be reached by Sept. 23rd, or sooner. I'd like to enter longs in this pair, using very wide stops initially, and scaling in as the market proves us right.
Technically, we want price to stay above 2.9250 to stay long, but it might retest this level before rallying further.
Price is now against a strong support, and has moved up after hitting it, despite the immediate gap down after the (apparently staged) military coup in Turkey failed, and President Erdogan started a massive witch hunt, incarcerating 6000 people in little time. Investor confidence is bleak, despite the 'stabilization', so, I think it'll be wise to short the Lira for the time being.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
EURTRY is about to pop big timeThe Turkish lira vs the euro is about to make a big move in either direction, with Bollinger band starting to squeeze. A big move down would open up a fantastic carry trade opportunity considering the swap. For a similar diea, consider the rand, but with the possibility of gold falling after the referendum, I prefer this trade.
EURTRY bullish signals with bullish fundamentalsThe current political uncertainty in Turkey is what drove that sharp rally in the first place, and the current consolidation is, for me, a signal of momentum build-up that will cause another spike following further uncertainty in the country.
The reason for this is that tourism could be affected, thus causing investors to stay away from the currency, buying stronger currency pairs against it, such as the euro.
USDTRY short on bearish divergenceBearish divergence on the RSI, indicating a possible short opportunity. This is strong divergence as we are still in the overbought region.
Seen a strong rally in the USDTRY recently over the political uncertainty in Turkey. We are seeing a consolidation at the top as the market gains some relief over the strength of the rally. This is a way to play that consolidation.
