This has formed a support level at the current price area. This is a good entry point with SL just below the lowest low, TP is at -0.272 Fibonacci which would be a new all time high.
Let's do an exotic pair. EUR / TRY goes up too much without any retest, so it should definitely go down to 7.88 area, before the big push up.
There is a strong buy signal at 10/10 level, price is above the resistance level and 20 mov exp is supporting the prices. additionally there is cup-handle pattern. The movement range is 0.38.
FIRST TIME REVISITING ALL TIME HIGHES SELL SET UP SELL EUR/TRY ORDER TYPE ENTRY 1 7.7820 ENTRY 2 7.8630 SL 8.987 TAKE PROFIT 1 7.7320 TAKE PROFIT 2 7.2320 TAKE PROFIT 3 6.320 BUY SET UP BUY EUR/TRY ORDER TYPE BUY STOP ENTRY 1 7.8920 ENTRY 2 7.9830 SL 7.865 TAKE PROFIT 1 8.0320 TAKE PROFIT 2 8.4320 TAKE PROFIT 3 8.8220
Unless the support 7.17 is not broken and price stays underneath that level for 3 days in a row I would expect the currency to reach 7.5X levels and the graph should be updated accordingly.
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 6.5500 • Take Profit Level: 6.0000 (500 pips) If the...
-EURTRY short term RSI (H4 chart) is in oversold zone -The price is at support level -Long on short term and close near 6.37 -The best place to entry short position is near 6.37 -The short position is good for short and long term too. -In long term the price can go completely to February low near 5.9
The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 6.2900 • Take Profit Level:...
One of my favourite pairs this weekend. So much confluence for an upside leg. Let's break it down. 1) Price printed a doji on the last trading day. That is a somewhat sign of reversal. 2) Price printed the doji at a strong area of support . We can see how many times the price has jumped from this area in the past (green circles) 3) Price printed the doji at a...
Watch out for EUR/TRY. It is currently holding strong above the 4H 50 EMA. The next step could very well be a breakout of the consolidation to the up side. Trade safe.
The TRY seems to be strengthening against the Euro. I do not trade this pair, but as I have a personal interest in Turkey, I might buy some TRY (unleveraged) so upcoming visits won't become more expensive :-).
I see bearish butterfly on the weekly chart + bearish ab=cd on the daily chart in addition to these harmonic signals, rsi and macd gives bearish divergence on daily chart so it is a very good oppurtunity to short FX:EURTRY My target is around 4,512-4.568. Stop loss:4,747 Have a nice day. Mr. Berk