EURTRY long term down movement
Updated
EURTRY did an impulse down and now it is in a deep correction before the next impulse down.
I anticipate a longer term weekly downtrend to start soon. In addition the positive swap is really good for short positions (at least in my broker).
In addition we have regular divergence in Daily timeframe.
Furthermore EURTRY is in the highest point of the last 17 years (or even more), so it is in extreme values.
IF this trade happens it will take a log of time, BUT it will give us yearly gain. So you need to be patient.
However as always i have draw in the chart my invalidation level.
Thank you for your support.
I anticipate a longer term weekly downtrend to start soon. In addition the positive swap is really good for short positions (at least in my broker).
In addition we have regular divergence in Daily timeframe.
Furthermore EURTRY is in the highest point of the last 17 years (or even more), so it is in extreme values.
IF this trade happens it will take a log of time, BUT it will give us yearly gain. So you need to be patient.
However as always i have draw in the chart my invalidation level.
Thank you for your support.
Note
Trade never happened. When price breaks my invalidation level i just skip the chart without trading.
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