The Turkish Lira (TRY) has been an embattled currency for decades and in its Euro pair (EUR/TRY) it had some relief but it looks like the halt to continued Lira sell-off may be soon over as EUR/TRY looks ready to burst out of its multi-week descending triangle. In this video I look at one recent example of a similar triangle formation and its outcome, comparing...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURTRY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello traders, the readings on RSI and ATR, as well as the angle of the current hyperbolic move, make for difficult incentives for holding a long trade on EUR/TRY: therefore, I closed my trade about 50% through the profit target and made a healthy catch (over 26k). In this video the key points discussed are: - ATR divergence/waning (multi-timeframe...
In this video I am looking at the relationship between EUR/TRY and the i-shares MSCI Turkey ETF, which allows us to look at volume data as a proxy for momentum in EUR/TRY, specifically addressing the following question: - is the MSCI Turkey ETF selling overdone? - what does the daily and weekly ETF's RSI tell us? - with the index reaching the 2018 lows, is there...
EUR/TRY is one of the few FX pairs that can truly rival stock-market trending: this (and its parent pair, USD/TRY) has been uptrending almost incessantly for over a decade, something that is quite rare in the fx world - other examples are true outliers such as USD/IRR and USD/ARS, but these are not accessible through your ordinary broker. What I learnt from...
on DAILY: EURTRY is sitting around a strong supply zone in green so we will be looking for objective sell setups on lower timeframes. on H1: EURTRY formed a head and shoulders pattern so we are waiting for a momentum candle close below its neckline to sell. (conservative) Moreover, we are waiting for a new swing to form around our lower red trendline and then...
on DAILY: EURTRY is still sitting around a strong supply zone and All-Time-High so we will be looking for objective sell setups on lower timeframes. on H1: EURTRY broke below our red trendline but we didn't sell yet, as we always wait for a momentum candle close below the last swing for extra confirmation. meanwhile, until the sell is activated, EURTRY would be...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
just it may go to touch the upper tl based on daily tf...lets see how it play out