To be honest this was already overbought in 30 mins, 1 hour, 4 hours charts. Now finally overbought in daily as well after hitting RSI 80. Tomorrow we will see an action from someone which will cause a huge retracement. I just hope the action ...

USD/TRY

Hi All, This is getting insane now. Price is 5.41. RSI finally hit 79.95. Definitely time to sell. Though as I said, I need to wait for tomorrow for take profit as I have future contract and the future market is closed. Cheers.

USD/TRY

Just a few additions. I suggested to not short this from 5.05. Why? Never short a pair when RSI makes a new daily high. That is a strong proof of a solid trend. I even don't trust divergences when there is a trend, but without divergence its a clear ...

USD/TRY

Hi All, Above plan was mentioned with below graphic when the pair was 5.05. 2000 pips from there so far. 5.25 target achieved but RSI is still 76, few points below my 80 target. It can go more, but I don't wanna risk anymore. Since USDTRY futures ...

USD/TRY

I dont have access to my charts but I see that 5.25 target hit. 3200 pips in 1 week.

USD/TRY

I am leaving now till evening. For the ones interested, price is 5.17 and RSI is in 73.5. We can expect one more bullish day tomorrow and then a correction. With this pace I think we can pass 5.25 slightly in this run. Will still stick with strategy ...

USD/TRY

No need to pay attention to any news. We are rising smoothly. 5.25 is still the target. RSI 70 now and price is 5.11.

USD/TRY

Hourly graph that I mentioned before. We were stuck between two TLs. Finally we are below the bottom TL line. Bears are happy. If we check RSI, upper TL nicely resisted. We are targeting the bottom TL, roughly around 1.1530.

EURUSD only

Game of Traders! Winter is coming. That bull looks like he survives. But white walkers (dead polar bears) are on the way.

EURUSD only

I wouldn't say "folded". USD is doing strongest weekly close since a year. Still not far from 95.000

EURUSD only

As per hourly chart, the range for descending channel is 1.1580 - 1.1600. Bears will try to close below 1.1580 and bulls will try to close above 1.1600. Monday trend will depend on that. No drama in US Dollar index. Rejected from 95.177, still below ...

EURUSD only

There is an extra weakness in Euro. It may be related with Italian bonds rising again.

EURUSD only

The data is not bad actually. There are +59K revisions on previous months. Still we don't see effects of trade wars in employments. Only negativity is in hourly earnings. Still not high enough. Previous month revised to 0.1%. This is short term ...

EURUSD only

I guess bulls had slight advantage. If they can survive today then they can attack on Monday. Most likely the major price action for today is over. Good luck all.

EURUSD only

It is quite funny. Usually Dollar Index try to break 95 on Fridays and someone heroically defends that 95 level each time. 1. 29 June Friday: EU announces migration agreement and Dollar index pull back from 95. 2. 20 July Friday: Trump criticize ...

EURUSD only

For the ones who are interested, we are again trying to break 95 in US Dollar Index. A daily close above 95 is enough for me to confirm Dollar Bulls festival. 94.845 so far. I will post the final graph at the end of the day. Fingers crossed.

EURUSD only

As you see in the chart, previous RSI top was 81.3. We are now close to 70. I am expecting at least to hit RSI 80. That is approximately equal to 5.25. Edit: I won't wait for 5.25. When Daily RSI hit 80 I will take profit.

USD/TRY

I opened two days back 500 lots in USDTRY futures. Cost 4.9800. Closed 400 lots from 5.1100. Holding still 100 lots for possible 5.3200 (equal to 5.2500 spot)

USD/TRY

Is it going there?

USD/TRY

Nice save! Since we are making new highs on this pair there isn't any level to take as reference. For new long positions we should wait to see RSI closing above 67 on daily. That is previous RSI level on previous all time high few weeks back. Right ...

USD/TRY