USDTRY_TOD trade ideas
USDTRYUSD TRY trading 14.6658
As mentioned in chart these movements indicates spikes as always we can see Turkish lira is day by day getting more bearish against usd
and the unemployment rate is rising Turkey
target short term 15.5000----above 15.500 3 consecutive days close plus weekly close we can see blast to lead new life time high
RISKS ASSOCIATED WITH FOREX TRADING
Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you
#USDTRY LONGWith the Currency Protected Deposit, the exchange rate increase in the returns so far brought the annual interest of KKMs between 110% and 55%. Therefore, the turns continued to KKM. However, a move is coming that will reverse the situation, by bringing the exchange rate down and bringing the yields to 14-17% interest rates, strict measures have been started to be taken to both the value of the currency and the transactions made in foreign currency, in order to prevent everyone from turning into foreign currency at the end of the maturity, regardless of the exchange rate cut.
That's why it can affect the USDTRY to increase to 20-25 Turkish Lira per Dollar and after that, it can fall between 5-8 Turkish Lira per Dollar to Control the prices...
gann box with a trend fibtrend fib applied starting from 18/09/17
take the gann box for the horizontal scale use the top of the trend fib. for the vertical scale use the significant high and lows.
from price 0.5 to time 0.5 make 45 degree angle. and lock the chart scale.
draw your trend line which is 17 degree.
and the cycle after that (with the same method of applying gann box) ends up having a degree of 52... 52-45=7
price top might be also 17TRY for this cycle.
time forecast might be
1771 days
17*17=289 weeks
07/07/2022
USDTRY 4H (Uptrend) USDTRY
tendency upward
Entry: above 14.85
TP: 14.90 & 14.95 & 15.30
sl.: 14.83
risk 1.5%
usdtry daily Enter the buy trade when the Fibonacci 62 range goes up ...(15.2)
stop loss 14
tp2 1 16-17
tp2 20 area .
TRYUSD Long PositionTRYUSD Long Position. Money Flow Index(MFI) Looking Good. 20MA used as support.
10x Leverage
14% Take Profit
2.8% Stop Loss
Educational Purpose Only! Not a Investment Advice
USDTRY- 28Apr2022USDTRY- 28Apr2022
On the H4, price once again bounced back strongly from the interim resistance-turned-support at 14.7500. If USD continues to strengthen, we could expect USDTRY to bounce higher to 1st Resistance at 14.8800.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
So You Also Trade USDTRY? Buy Now!Not a lot of people trade USDTRY. If you are one of them, maybe you want to consider long positions. I am long on this pair.
Price failed to break below major support and my fav indicator, stochastic is turning bullish
Long positions at market this morning
Stop: 14.5414
USDTRY Short Setup for 2022Hello.
After succesfully predicting the Lira Crash this year (see related Idea below) i present to you my USDTRY short setup.
Note: When "Knife catching" i got to be REALLY conservative with my targets, especially with using leverage. This is the absolute worst case for Lira. I give this a 40% propability to actually reaching this target.
If you are Turkish and looking to buy back real Lira i dont advice going for this target but to buy back lira in steps from here. This setup is more targeted for leveraged trading. DYOR.
Lira is loosing value exponentially on a multi year time frame.
For Context how i came up with this targets (red line and green curve) see picture below.
Theoretically Lira could also break out of the exponential down Trend but likely not if Erdogan is still President.
Exponentiall Lira Support should be arround my Short Zone but as i said, this short target is pretty Conservative as its targeted to leverage trading.
Please leave a like if you liked this and as always: do your own research =)
USDTRY-SELL strategy LTNo change in view.
The monthly chart shows we are very overbought, and this has not as yet corrected.
The weekly chart, and daily chart are neutral to small upside bias. The chances are we may see a bit higher, and this should be seen as a SELL strategic opportunity. The expected upside is 15.50-16.50 before we may correct towards 10.50-9.00.
USDTRY-SELL strategy MTNo change in view
The MACD is negative and we have a large gap to fill towards cloud support. The strategy is therefore unchanged SELL $ 14.50-15.00 and ADD on SELL $ 15.50-16.50 for a move to 10.50-9.00.
The view on the daily timeframeSharing the view on the daily timeframe, showing where Wave 3 top is observed.
Just a thought... A bit more upside on USDTRY then bearishAssuming the latest historical top as a Cycle Wave 3, we could assume we are in a Cycle Wave 4 now. The first impulsive downtrend after this top makes me believe it was a Wave A of a ZigZag. If this is true, we should be in a Wave B (of Zig Zag) now. Zooming in from the daily timeframe, we can count 3 waves up and a triangle currently unfolding (this triangle would be Wave 4 of Wave C within Zig Zag's Wave B).
So, my theory would be that once triangle can be considered complete (when prices break 14.76 resistance, or Triangle's Wave D), Wave 5 of Wave C within Zig Zag's Wave B would be unfolding (I'd expect this final Wave 5 to be reaching ~15.20). Then we should see the start of Zig Zag's Wave C, taking the price down (below 10?).
We'll see... I'll await price action confirmation before taking any trade...
Happy pip hunting!
*Not financial advice - just a thought purely based on technical analysis observations.
USDTRY (all trying to up)The direction of Turkish lira till now is upward because technically the trend try to stable at upward zone
..........
do not use high risk
USDTRY-SELL strategy MTSomeone had told me not to update this pair, as it was not useful :)
Well, I love looking at charts and trying to dissect it and come to conclusions. Yes, it is a quiet pair, and for good reasons.
Fundamentally we should move higher, but technically it points going towards 10.50-9.00 over time. I still am convinced to be short, and SELL in rallies that may happen. For now sell between 14.25 and 16.50 for medium-term objective as stated.
TRYUSD try trading at 9.692730 levels i can see dips for buying appearance buy dips at least at 9.00 and above target 11.50-12.50 levels
USDTRY-NEUTRAL to downsideIt starts looking tired and even though my feelings says it should move higher first, the MACD and other supporting technicals suggest we see down ward again.
As mentioned before, am happier to be SHORT USDTRY and would only add on upmoves when they occur.
For now my medium-term objective is 10.50-9.00 and guess just add when you can to shorts...
USDTRY-SELL strategy Short-term am still neutral to upside. The chances of moving higher at first, is still there.
I suggest adding to existing shorts @ 15.50-16.50 for the correction to 10.50 - 9.00. This is a long-term view as a note and it may takes months before seeing these levels.
The expectation of short-term movements are therefore first 15.50-16.50 and we sell short-term at those levels as well for profit taking at 13.25.
USDTRY Daily chartStrong Support zone (14.30 - 13.82)
RED Triangle
represent to down till 14.32
------
Green Triangle
represent to Up till 14.97 & 15.50
USDTRY: ABCD on Daily chart looks promisingWeekly 44&77 MAs have just crossed, so it looks like the Bearish sign has happened. ABCD on Daily chart looks promising however daily 44&77 MAs have not crossed yet. This mean that this trade is very risky and not for beginners or those who prefer careful approach.
USDTRY-Long-term SELLIt's far easier to look at the monthly chart than to the short-term ones.
Based on the market condition, there is no change in view to see it's heavy overdone. It does not mean we cannot see little higher, and it is possible we re-visit 15.50-16.50 before we move lower to 10.50-9.00. I feel we should be SHORT already around 14.50-14.75 and add when the move higher if seen.
