EURTRY : Our first idea/post was on the Epic rebound of the Turkish Lira back in Dec 21st /2021 We had then calculated and prognosed with great precision the levels (rise to 15,7) : The price has done us the favor then and normalized/consolidated around that level (15,7) : At this stage, Central bank has kept the lira's rates unchanged (good news because...
EU Liquidity taken out and we can expect buy momentum till extreme POI Mitigation. Once price mitigate the extreme POI and create any reversal indication then we can sell for longer term.
26 January 2024, 17:04 •EUR/USD rises in North American trading, buoyed by softer US core PCE inflation data. •Fed's core PCE index fall to 2.9% raises hopes for interest rate cut, aiding EUR/USD's climb. •Mixed European signals: German consumer confidence falls, Spanish unemployment at 16-year low, ahead of Fed decision. The EUR/USD gained some 0.14% in early...
IMF Europe Director Alfred Comer warned the ECB that if it does not cut interest rates soon, it will be forced to tighten monetary policy more costly later. The headquarters of the European Central Bank in Frankfurt am Main, Germany. (Photo: AFP/TTXVN) The International Monetary Fund (IMF) said on November 8 that rapid wage growth in the euro zone could push...
I'm writing to you today to discuss the recent election results in Turkey and how they have impacted the value of the Turkish lira. As you may know, President Erdogan's party suffered a significant setback in the recent local elections, which has caused a drop in the value of the Turkish lira. While this news may concern some, it presents a unique opportunity...
EUR/USD is currently near the resistance level. Today, we need to pay attention to the support near 1.088 and the resistance near 1.094. Judging from the current situation, today's strategy will be based on low long positions. I will tell you when to trade. Stay tuned. I will release more strategies later, including OIL, gold, GBPUSD, BTC, etc. If you are...
EURTRY $EURTRY Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal. Entry reasons: EURTRY is showing momentum and confluence of mean reversion crossing up the 70 day price mean. Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
Allow us the Happy face and the good mood because simply, this was a PERFECT ANALYSIS and EXECUTION! We are referring to this idea of ours back in May 9th (yes, we do trade what we post): x20 in a classic Forex trade is something to be happy for and today we will take some profit. It's not the first time we get EURTRY right, feel free to check our previous...
As you can see in the previous price actions after the interference of the Turkish Lira it seems that the Currency has gotten a Chronic Disease now. The fast bounce back conclude that there is globally no trust within the Turkish Economic Politics. As the Minister of Treasury has already been replaced within 3 years and the independence of the Turkish Central...
Hello Dear Traders, You find below my analysis for EUR/TRY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/TRY will rise to 11.3 as I am showing in my chart. Our Daily Goal is 11.35. Currently,EUR/TRY is moving towards the support level of 11.15 where there is some liquidity, from this value we...
The Euro has lost some value against the Turkish Lira over the past months but has reached the goal for its wave A in green. Now, it is time for another push against the Lira, before longer downward movements set in. Follow us for more!
Hello Dear Traders, You find below my analysis for EUR/TRY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/TRY will rise to 10.11 as I am showing in my chart. Our Daily Goal is 10.125. Currently,EUR/TRY is moving towards the support level of 10.05 where there is some liquidity, from this value...
BUY @7.85994 STOP LOSS @7.34024 TAKE PROFIT @9.11592 TRAIL @7.60009
It’s 2007, you are sitting at home watching the Eurovision Song Contest and this dude from Turkey, Kenan Doğulu, completely rocks the show with his song “Shake It Up, Şekerim (my sugar)”! Fast forward 14 years, a lot of shaking is happening in the Turkish Lira against which the Euro gained massively recently. As it stands right now, we expect the Euro to hit...
This has formed a support level at the current price area. This is a good entry point with SL just below the lowest low, TP is at -0.272 Fibonacci which would be a new all time high.
For demonstration and educational purposes only. Overall trend is bullish on higher timeframe. Previous month selling was anticipated correction. Note price is sitting at a key demand zone, 50% of previous impulse. Trade at your own risk, perform your own analysis, and use proper risk management.
USE FIBS FOR YOUR EXIT, RESPECT YOUR STOPS
Buying opportunity here. Wait for price to make the pullback.