Huge sell off on the EUR this past week, I was looking at this as a chance to long back up to resistance as it is oversold but looking at the bigger picture I think it is best to hold off at the moment. The situation is very bearish and there will certainly be swing trading opportunities here but the trend is going down and longing anything here seems like a big...
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.
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
EURTRY Sell HIgh Probability: A Very Nice Sell Trade Here If It Works Out. Looking For Downward Move Till 5.935 Levels as 1st TP. Have A Stop Loss Of 6.06 Is Perfect
