WOW! What a rate hike!ERdogan is freaking out!#BE PATIENT!
Hey tradomaniacs,
what a HUUUUGE rate hike in turkey today. WOW!
We see that this rate hike obviously increased the value of TRY causing a sell-off today.
But what does that mean? We were breaking out of a triangle which is actually a trend-continuation-pattern.
Yeah... News like that can destroy every pattern and its rules. BUT what will happen?
Well, experts expect that this rate hike could advoid a finacial EU-crisis..bla bla we all know it can`t .
And who knows this? Big institutions!
BE PATIENT right now. We are totally oversold and that could cause a retracement. As long as we stay inside of this support-range, better don`t do anything.
Wait for impulses. I expect a small correction ending up in a consolidation until the market "digested" these news and analysis upcoming expectations.
I expect this: We will see a correction coming to HIGH Supply-Zones (Sl`s). This is the perfect area for big banks to buy their huge position-sizes.
I don`t see turkey is doing better.
We will see. :-)
Don`t do anything in this range.
May trade a break-out ot use a range-strategy but take your profit quickly.
We need to wait. :-)
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? Need signals or education especially for beginners? PM me. :-)
what a HUUUUGE rate hike in turkey today. WOW!
We see that this rate hike obviously increased the value of TRY causing a sell-off today.
But what does that mean? We were breaking out of a triangle which is actually a trend-continuation-pattern.
Yeah... News like that can destroy every pattern and its rules. BUT what will happen?
Well, experts expect that this rate hike could advoid a finacial EU-crisis..bla bla we all know it can`t .
And who knows this? Big institutions!
BE PATIENT right now. We are totally oversold and that could cause a retracement. As long as we stay inside of this support-range, better don`t do anything.
Wait for impulses. I expect a small correction ending up in a consolidation until the market "digested" these news and analysis upcoming expectations.
I expect this: We will see a correction coming to HIGH Supply-Zones (Sl`s). This is the perfect area for big banks to buy their huge position-sizes.
I don`t see turkey is doing better.
We will see. :-)
Don`t do anything in this range.
May trade a break-out ot use a range-strategy but take your profit quickly.
We need to wait. :-)
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? Need signals or education especially for beginners? PM me. :-)
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