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Usdtrylong

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.
Long
by ridethepig
5
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.
Long
by mrsceleste
Analysis of USDTRY 8.10.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 5.8500 • Take Profit Level: 5.9000 (500 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 5.7900 • Take Profit Level: 5.7600 (300 pips) USDJPY A possible short position in the breakdown of the level 107.00 GOLD A possible long position at the breakout of the level 1505.00 USDCHF A possible short position in the breakdown of the level 0.9910 EURUSD A possible long position at the breakout of the level 1.1000
by PaxForex