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USDTRY

USDTRY Supported By The 20sma Again!The USDTRY has consistently been using the 20 simple moving as support since breaking out of consolidation in August and has risen by 11.7% in that time. Catching this trend near the start would have positioned you well to add compounds along the way. Recently price experienced a steep fall which would have raised concerns for many traders out there. But looking at the bigger picture of a bullish trend and identifying the 20sma as a potential support level, would have reduced the chances of allowing fear to creep in. The bearish candle we saw on the 9th November closed below the 20sma but found support at the 8.0000 round number. Now that a potential support zone has been established. We need to see a bounce from this level and eventually a break and close above the current high at 8.5777. In the meantime, we will continue to manage our positions which are running in profit. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
USDTRY 8.2554 - 2.61% SHORT IDEA* CONTINUATION PATTENS HELLO EVERYONE Here's an idea on the DOLLAR/ TURKISH LIRA which opened with a gap and an aggressive fall with the bears looking for some correction of this move but we'll definitely see continuation to the downside, now the structure aligning with our fib levels is the resistance level 7.96612 which will be our aggressive target going down with the bears for long term updates lets wait for now and see what price tells us. HEY EVERYONE Here's a look at the EURO / DOLLAR pair heading into a new week the pair is currently trading in a bull frag which it can break in any direction but looking at the momentum push with the bulls looking for continuation of this move as it would be premature to go against the trend seeing no signs of slowing down on the pair so on higher time-frames we just have an overview of direction and what is the bigger picture in the markets. for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
8
USDTRY Up another 4%!The USDTRY has gone under the radar for many investors who stick to investing in only one market. This forex pair reminds us of why we need to diversify our investment pot. Since the last post, price has moved up another 4% bringing the price rise since breaking out to 20.2% and counting. Trends in the forex market usually lasts only a few months so we may see the trend here come to an end soon, but for now we will continue to ride the wave until we see signs of a trend reversal. We will update our community if and when we need to tighten our stops but as for now, our compounds are working for us and bringing us in some healthy profits as price continues to climb. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
4
Charts Of Charts! (Grafiklerin grafiği!) ~1 year ago I've noticed this arc trend but I didn't want to share to manipulate minds which can boost movement. But, these days, I started thinking that the more people see this, the more likely it won't be happen, and I decided to share it. As you see, whenever it touches to arc, price makes a sharp jump. The first target seems to be around 8.50. As a profit take point, 8.49 more could be guaranteed. I'm really upset to share this idea, I HOPE IT WON'T HAPPEN! Yaklaşık 1 sene önce farkettiğim bu yay trendini daha önce sizinle paylaşmak istemedim çünkü hiç kimseyi böyle korkunç bir tabloyla yüzleştirip durumu daha da kötü etkilemek istemedim. Fakat son günlerde ne kadar çok kişi bunu görürse gerçekleşme ihtimali daha da düşebilir diye düşünmeye başladım ve paylaşmaya karar verdim. Teknik analiz tamamen sert bir yükselişi işaret ediyor gördüğünüz üzere fiyat çizgisi ne zaman ki bu yaya dokunsa sert bir sıçrama yapıyor. ilk hedef 8.50 dolayları görünüyor. Kâr alım noktası olarak 8.49 daha garanti olabilir. Bunu paylaştığım için çok üzgünüm, UMARIM BU GRAFİK HİÇ BİR ZAMAN GERÇEKLEŞMEZ!
Long
by atesdanis
1