Days To Weekly EURTRY Double TopEurope figures are not good and looks Lira can take advantage for this situation.
Be aware weekend high spread
This fall can take time not a quick trade
EUR TRY
EUR/TRY Set Up for a Possible Nice SellStudy price in zone noted for evidence of rejection. For demonstration and educational purposes. Trade at your own risk.
EURTRY Trading PlanPattern: Channel Down on 1D within a long term (1.5 years) Channel Up.
Signal: Bearish as long as the price is trading (even if it breaks and later comes back in) within the Channel Down (dashed lines). No trade within the Red Triangle Zone. Bullish if the Higher High trend-line of the Channel Up breaks.
Target: The 1D MA200.
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Don't miss the great buy opportunity in EURTRYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (7.4706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURTRY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 71.
Take Profits:
TP1= @ 7.5998
TP2= @ 7.6507
TP3= @ 7.8517
SL= Break below S2
Remittent 10-Year Journey of Turkish Banks #1 (Akbank)
Akbank, one of the largest banks in Turkey have devalued -86.18% in last 10 years against United States Dollar .
Even though most of the Turkish Banks are listed cheaper than a bottled of water, why foreign-investors still keep liquidating their positions?
There have been many political, economic and geopolitical changes since 2010 in Turkey. Whilst these have been never seemed an issue by Turkish people, liquidation of foreign investment capitals from Turkish Industries proves that we are getting closer to the light at the end of the tunnel.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Elliot Waves Detected in EUR TRYFollowing analysis shows that EUR TRY will be reach almost 8 TRY/EUR.
#EURTRY #EURO #TL #euroTLAlternative 1) If it sees around 7.10 (green area) and turns up and remains on the red line (7.90), the rise started.
Alternative 2) If it drops below 7.00, it starts to see around 6.50 (pink area) and rise. Red resistance is also important in this. Red must be crossed for real rise.
Alternative 3) It cannot fall in the 1st pink area and falls to around 5.00 (2nd pink area). After this fall, the journey of AYA begins.
Favorite way (Alternative 2)
EURTRYEuro doji + akşam yıldızı formasyonu ve yüksek RSI ile ciddi düşüş sinyali veriyor
Euro doji + evening star formation and high RSI are l serious collapse signal
EUR/TRY MULTI-TIMEFRAME ANALYSIS UPDATE!!!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.
EURTRY weekly bearish bat and shooting star combination shortEURTRY has been approaching its all time high and hit into the bearish bat.
Here we got a weekly shooting star broke to the downside, I would kinda love to take some short this week.
Tiny position would be fine to try to hold as long as possible as a carry trade.
Let's see how it goes yo!
EURTRY to 7.10I post this because there is major divergence. Obviously this type of wave can become more complex, that's why I only say 7.10. I also posted this because USDTRY came exactly off the 1.618 extension and has been going down strong since.
Wait And ReenterLooking at the daily chart we may expect a decrease to the support line. If it doesn't break down from the support line we may reenter.
EURTRY daily bat battern and inside day combination shortEURTRY has a daily bearish bat pattern and got an inside day last Friday.
Worth a shot for a carry trade yo
Let's see how it goes !
EUR/TRY Short Study This idea is strictly for education and study purposes only. I will study price at the zone above and as noted for evidence of exhaustion and the probability for a better entry, possibly. This could form over the next week or so, but there is no confirmation. This is not a signal, advice or a recommendation to trade or invest. Trade at your own risk.
EUR/TRY MULTI-TIMEFRAME ANALYSIS 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.
