Get started

Usdtrylong

USD/TRY Long Term PossibilityPlease note this trade idea is for demonstration and educational purposes only; it does not constitute a signal. This idea is a long term possibility. Given all factors including fundamentals, no one can with 100% accuracy know for sure that long term ideas will play out. We must follow price action. It will be interesting to see how this pair plays out long term. As I study this pair a few things have caught my eye as follows: 1. We do see more instability with the lira in light of political circumstances especially regarding the re-election that is scheduled to take place. 2019 could be a troublesome year for the lira. 2. From a technical standpoint, we see the possible makings of a teacup. I have highlighted zones where price could hit certain key zones in the market, all within a descending channel before reaching a strong key level of support. This strong level of support happens to offer confluence at the the 50% key level. Price may or may not pull back withing this descending channel. It could push straight down to the 50% fib level without a pullback. 3. Note also the trendline, highlighted in fuchsia, which offers confluence if price pulls back to the 50% fib level. 4. If price bounces off this key level I would expect to see this pair take off to higher highs, especially if the lira continues to deteriorate. Again, please note this idea is for study purposes. Please follow me on Instagram and Facebook (links below). Please also like or comment to offer your insight. As always please trade at your own risk and use proper risk management.
Long
by mrsceleste
USD/TRY: Day-Swingtrade-Opportunity! The FLAG of BULLS.#ChanceHey tradomaniacs, welcome to another free signal! Important: Market still very nervous! Please don`t risk too much and reduce your risk when I update! :-) You can either place a BUY-STOP for aggressive trading or wait for a retracement after breakout to place a Buy-Limit. ----------------------------- Type: DAy-Swingtrade Buy-Stop/Limit: 6.07795 Stop-Loss: 6.05234 Target 1: 6.10274 Target 2: 6.13001 Targt 3: 6.1500 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
2
USD/TRY 4H Looking for long tradeA . We can get a long trade if the price close above strong resistance channel at 5.8600 To: TP1: 5.9500 TP2 : 6.2000 stop lose : 5.7800 B. If the price breakdown upward channel we can get short trade or wait for new long trades from 5.64500 and 5.5100 with small stop lose This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your vision . To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck
Long
by Golden_Spiral
9
USDTRY - TCMB Meeting - Next Devaluation?In 15 minutes is Central Bank meeting in the Republic of Turkey! If the TCMB leaves the interest at 24% or possibly lowers it then threatens in my view, a rapid devaluation with new highs from the perspective of the USD / EUR or new lows from the perspective of Turkey. I have prepared the following Trading plan. If 5.9066 fall then new highs are very likely and I will try as well as possible to trade it. Greetings from Hanover, Lower Saxony, Germany Stefan Bode
Long
by StefanBode
3