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Currently tracking what seems to be a normal marketplace marketplace move.
Price is currently trapped in a variety and created a double pinnacle.
As retail investors we taught to exchange sure patterns and the marketplace maker uses this information to create liquidity
When retail traders saw the double pinnacle they began selling, price the spiked out of the contraction to the downside inducing extra promoting from breakout investors, a few promote buyers can be in profit for a second.
Time Frame - 4 Hour
Currency pair - USD/TRY
Buy @ - 7.4000
Stop Loss - 7.3549
Take Profit - 7.4362
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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
Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Keep it up
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 slow
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.
You will earn more money if you will follow my views
because I have posted this after checking the
previous routine oaf daily time frame of H1,H4 clearly.
some traders use fundamental analysis, other use indicators or supports and residences
believe on your own strategy.
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
A.O.A.Dear.friend .
Ji haan Forex trading app bahut hi jyada achha hota hai agar aap ise use karna Chahe to yah bahut hi jyada Aasan bhi hota hai Kyunki is AAP bahut kuch purchase bhi kar sakte hain aur jo chahe Woh kar sakte hain aur agar aap order bhi Lagana chahiye to vah bhi aap Laga sakte hain Kyunki is aapko Pata Lagane mein bhi bahut hi jyada Aasan Nahi Hoti Hai Kyunki isme koi bhi difficult cheez nahi hoti Jo Kiya aapko pareshan kare Good louk thank you .
Market position today =Sell
Ajj market me resistance or support nechay janay ka bata rahay hain
Or kuch acha indicator or technical analysis be es bat ki confirmation day raha hain k ajj market selling me jay gi
Ajj selling trend ko follow karne me faida hai
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Keep it up