EURTRY corrects after 5 waves with price lying now at a big support (weekly). It is similar to USDTRY (see chart below), however it gives much clear hints of a possible larger correction in near future. www.tradingview.com Happy trading! _________________________ For signal and training course, please contact: insidemarketfx@gmail.com / Skype: @insidemarket168
very interesting zone. Next few hours will lead the way. 2 options to trade as always and a trade plan for each. Use the levels to your advantage
Hello everyone, We have a bullish trade on this pair (short term). Also the price is going up in a channel which bring me to SL point, the Sl would be below the X or when the price confirms the breakout to the downside. The targets are highlighted on the chart. Let's see and Good Luck
As you can see by my chart, every time the price has hit the top of the linear regression, and 0.04 on the MACD, the price has reversed back down again with the CCI, DeMarker and Stoch RSI gradually falling back into their respective channels. Without consideration of any further shocks to the market, I think that political instability, the conflict in the south...
EURTRY formed a Wolfe Wave pattern, I entered short at current levels with SL above 3.13 . 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high . 3. Think like a fundamentalist, trade like a technician . 4. Keep your analysis simple 5. Start small and increase exposure when trend is confirming your analysis...
Clear downtrend channel for EURTRY. The pair is consolidating for the next leg down. Above 2.81 level the scenario will be invalidated. I will wait a daily close below Kumo for a target around 2.60
The fundamentals behind the move could be due to the political instability in Turkey, with the Turkish government cracking down on political opposition in the country. Based on the technicals also, the currency pair is reaching a supply zone where the pair has sold off in the past.
Downtrend Channel Breakout and Re-test.
We'r entering short EURTRY with long USDTRY. FUNDAMENTAL: With inflation numbers coming out of the euro-zone, we will probably get a stark reminder of why the ECB is in an ultra-easing policy, and that’s here to stay, especially as German business confidence slides and France is still lagging behind. In the US, even a miss on GDP and the NFP are not set to divert...
200days support area.. under 2.83 target can be 2.66 but for me it is not possible.. Here is can be good area for long positions. Targets are 2.89 - 2.91.. max in one week