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Daily gap close - USDTRY
We know the criteria when to enter. If not go to max workshop called " Lets Talk Gaps"
Daily 8 EMA Gap forming on this pair (Sniper System)
4 Hour candlestick now trading below the 8 EMA and retest of the 1 HR 50 EMA has taken place. Price seems to have stalled at the moment though, forming lows in an ascending level on the 1 HR for the last 10 candlesticks. A break below this level, along with healthy continuation, should bring criteria on side to short toward the Daily 8 EMA with Stop Loss above the 1 Hr 50 EMA.
BCR of 4H 200EMA, golden cross might form too. Wait for clear continuation of 3 bullish 4H candles. SO this will probably only be ready this evening or even tomorrow. SL below retest and S&D zone
USD/TRY Sell Idea: Monthy gap close: - Break DONE Close DONE Retest DONE Continuation AWAITING of daily 50 ema. - 1 hour BCR and continued down from ascending channel which was the retest of the daily 50. - Could wait for retest and continuation for lower time frame entry of 1hr 50 and 200 ema which look as though it will be at the same time these MA's are retested.
Look to go long USDTRY as it is trending up and should continue it's upward momentum as perrules of my strategy this should head up. Good luck and happy trading
4H Chart. That historical Double Top I would definitely go for sell. I Love some Exotic pairs. The Dollar is looking weak at the moment. and I will on sell.
Look to buy USDTRY as it is trending up and has reached the lower bands and is now green on the oma this should go up today. Good luck and happy trading
Look to short USDTRY as trend is down and has reached upper bands and now oma is bearish idicated by orange colour this should come down. Good luck
Look to short USDTRY as it is trending down and has reached my upper bands and ma is red indicating selling pressure this should come down today. Good luck
H1 and H4
Hey guys, I know guys usually don't like exotics.. but I occasional like to trade them when the setup is GOOD... USDTRY has had an impressive rally... it was rejected so far from this last high on Nov 29, 2017 area... I see this pulling back to atleast 38% fib... or even 50% I only trade exotics on greta setups and I like this.. Entry 3.9260 SL 3.9350 (tight stop loss) TP1 3.8891 TP 2 3.8700 Careful with FOMC tomorrow.. I might close this before force depending on the run until NYC NOON... if its down a lot I may leave it over fomc Trade carefully guys
USD/TRY reversed from resistance zone Next sell target - 3.8230 USD/TRY recently reversed down from the resistance zone lying between the long-term resistance level 3.9100 (former multi-month high from the start of 2017) and the upper daily Bollinger Band. The downward reversal form this resistance zone stopped the previous impulse waves (iii) and 5. Given the overbought reading on the daily Stochastic indicator - USD/TRY can be expected to fall to the next sell target at the next support level 3.8230.
Trend bearish on the H4 with stochastics pointing down will likely see bears sell it of
USDTRY TP1 at 3.39 TP2 ar 3.3747
USD/TRY reached buy target 3.3500 Next buy target â€“ 3.4500 USD/TRY recently broke through the resistance level 3.3500, which was set as the buy target in our previous forecast for this currency pair. The breakout of this resistance level is likely to accelerate the active minor impulse wave (v), which belongs to the wave 3 of the intermediate impulse (3) from the end of April. With the daily Momentum recently reaching the yearly highs - USD/TRY can be expected to rise further toward the next buy target at the next resistance level 3.4500 (target price calculated for the completion of the active impulse wave 3).
It's about to hit resistance (3.2995)
Seems to bullish, news are good for USD, quite bad for TRY for the last few months, SL close to support level. Good luck
USDTRY at a key 61.8% retracement level. Expecting a nice bounce.
Bounce off the 200 Moving average coming
USDTRY impluse is up - buy while you can