EURTRY Strong BULLISH ENGULFING bar it is good to buy above yesterday high 3.9310 with stop loss below 3.8775 target at 4.1000
( Swing trade )
EUR TRY
Back To SupportI'm back with the EURTRY to do a add-to-position. If you have followed me on the EURTRY, it's an idea to consider an increase of position. Just a moment ago, disappointing quarterly jobless average (dec) figures came out of Turkey. With the EU going somewhat stronger, I trust this one over the next week to continue upwards. Be aware that EU is in a strange place after several EU countries is banning Turkey. Also with Holland having election today, and soon France and eventually Germany. In that light, I have a fairly large SL on EURTRY. Don't necessarily do the same, unless you are comfortable with it.
EURTRY Long ABCD pattern 4HThe price is moving in an upward channel, it is currently at a level of resistance, where it opened with a gap on sunday night, and is half-way through the last leg of the AB=CD pattern within the channel.
EURTRY 4H Shark Cypher BearishEURTRY 4H Shark Cypher Bearish
Support: 3.89000 - 3.85000
This is not investment advice
Rest For A BitThis is, without doubt a long position for the long term. Diving into macro economy of TRY, it's not looking good, compared to EU. Currently I will wait and see if it's going to take a breather, before I jump in for the long run. Worth keeping an eye on.
3.11 Ratio Trade (1800 pips) on the EURTRY!As we see the pair formed a double top and closed below the neckline on the daily. The major trend line acts as a major support for the pair, breaking it means that the pair is going to the 3.70 levels.
Make sure NOT to sell before the trend is broken and the break is confirmed.
Good luck!
Let's see this opportunity of Long positionLong position after consolidation during one week ore more.
%7 jumping chance in 15 days in USDTRYWatch for 24 JAN and 27 JAN there can be huge jump after CB and Fitch decides
EURTRY 1H/4H shortAfter this pump rally, also if EUR is gaining some with USD we can expect a nice short here. Rate risen too much and it need a pull back with the same power it went upwards.
Set a proper SL and enter your trades.
Good luck.
EURTRY StraddleDaily time frame suggests an opportunity to capitalize on indecision and/or manipulation in the market.
Sell limit set at 4.06358 with a 461 pip stop. Risk = $12.50 (1/4 of 1% of equity).
Buy limit set at 4.01748 with a 461 pip stop. Risk = $12.50 (1/4 of 1% of equity).
Both orders expire 10 minutes before London close.
No take profit target will be set. Trades ride to stop loss or until I choose to take profit.
Two optional path after USD weakensDespite USD weakens red support line worked. But volume is low now 3 hours later volume will be higher so probably it will chose one of the paths I draw
USDTRY comparison with USDRUB and BRENTOILIn this chart, you can see the correlation between BRENT OIL and USDRUB. When you open long position for long period for USDTRY you can open USDRUB short. USDRUB short will pay your swap cost when you get some profit from USDTRY.
Fibonacci on USDTRYLast trends were matching with fibonacci levels. After today's jump there can be another fibo support.
EURTRY bullish and bearish patterns!Hello everyone, we have two potential patterns in play. The bearish pattern is finishing around 3.78221 and the bullish pattern finishing around 3.54656. There are more patterns which I will post along the way.
For any questions leave a comment or DM me.
Good Luck
