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I think this pair still in a bullish trend. yesterday's bearish candle is just a correction before it will continue its bullish trend if seen from the weekly time frame in the form of bullish and overall last week the price movement was still controlled by the buyer while on the daily time frame itself
the trend reversal pattern has been formed quite well so that the opportunity for prices to continue moving up is quite open
in my opinion this pair will go up again because it still looks bullish so I am more confident we need to open buy again even if it goes down I think it's just a correction and because the market is closed
don't forget if you experience an error always self-evaluate and try to improve don't forget to pray first before doing anything, that way we can be calm in carrying it out and later we can accept whatever results we have tried and be aware that the rise is still far away.
Today's market trend: Sell
kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down
happy trading all, this pair is still moving sideways until now from the H4 time frame it is known that pair movement is still moving above the 161.8% fibo level if later the price breaks below it then the next price will target the support level below the price
but if the price rises it is possible that the possible level for the price to be touched is the SBR level which I marked with a line the top this is where we can do selling reentry with the condition that the price reject from here
Currently monitoring what appears to be a typical market market move.
Price is currently trapped in a range and created a double top.
As retail traders we taught to trade certain patterns and the market maker uses this knowledge to create liquidity
When retail traders saw the double top they started selling, price the spiked out of the contraction to the downside inducing more selling from breakout traders, some sell traders will be in profit for a moment.
The market maker will drive price up ,in the process turning the sell positions into buys and inducing breakout traders to buy even more in this process they will create enough liquidity to fill there sell orders.
I expect price to move into the area marked supply then we will wait for our confirmation to sell and ride the wave with the market maker.
Hi Dears
this pair 80% support of "BUY" as you know
that previous week market has been down
significantly therefore "BUY" is strong this
time. "Please avoid to cell" and get profit.
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Market trend of the day:Bullish sell
Moving average aut techincal indicator shows that market move up side
Time frame that is considered while making support and resistance levels
Use Daily and Weekly time frame, consider the daily economic news before taking the tradehurely take profit to earn
If you want gain knowledge and experience so doing hardworking and get a good profit
Winning signals - Profit signals.
Today Target Pair - USD/TRY
Today main profit zone .
7.3470 - 7.4003 - 7.4418
Today main support zone.
7.1574 - 7.2107 - 7.2522
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
Time Frame - 4 Hour
Currency pair - USD/TRY
Buy @ - 7.2463
Stop Loss - 7.0759
Take Profit - 7.4077
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.