EUR TRY
EURTRY - Daily ABC upward move.Wave structures for the masses.
Happy trading!
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Trade record & statistics: miud.in
EURTRY HIDDEN DIVERGENCE, FLAT, PRICE ACTION - WATCHINGEURTRY HIDDEN DIVERGENCE, FLAT, PRICE ACTION - WATCHING
(D) 2618 & The Bullish Harmonics // IF=THEN ®FX:EURTRY
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
BUTTERFLY
Point B:
78.6% XA
Point C:
38.2% AB
88.6% AB
Point D
161% ext BC
261% ext BC
Targets:
TP1 61.8% CD
TP2 127% CD
Safe trades;
open.spotify.com
Short EURTRYGood day traders,
I´m entering short at current levels after yesterday bearish breakout . SL @ 3.255
I expect a downside leg till 3.15- 3.16 area
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6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade
Josep Pocalles
Trade of the day. Sell EURTRY on MACD crossoverThoughts on Chart.
Although after a period of consolidation the price can go either direction, my bets are on a move down. Here are the reasons.
1. MACD crossover.
2. Downwards trending 100 MA.
3. All factors that have damaged the price have already been factored in. Unless war breaks out, I'd say a drop is likely.
4. Buying Turkish Lira pays very well. Great overnight swap.
5. Price has seems to hit resistance at 3.35
Perhaps consider shorting once price drops below support at 3.2785
EURTRY daily - analysis and long trade ideaTurkey is involved in a lot of (geo)political, military and terrorism concerns. Despite relative EUR weakening and low oil price, TRY is loosing its strength due to the risks inherent to the country.
On technical daily side, PA is above the cloud. We may see a retracement soon towards the twist and then a rise towards the highest levels of 2015. Impatient traders could initiate a long position now with a TP at 3.367 which is the level defined by the flat Kijun range on Sept/Oct 2015.
EURTRY My first public idea.
Fib time zone + regression trend + sin line + long time upper / lower trends...
EURTRY to continue DOWN!Downward trend, deviation from downward moving average, and retraced to trendline. The euro will continue to fall.
