eur/try Euro Lira is seeing like it will create more of a correction pattern and is breaking out of structure. Looking to test low. Possible for it to even hit that 50-62% zone.
EURTRY trade ideas
EURTRY Sell HIgh ProbabilityEURTRY Sell HIgh Probability: A Very Nice Sell Trade Here If It Works Out. Looking For Downward Move Till 5.935 Levels as 1st TP. Have A Stop Loss Of 6.06 Is Perfect
EURTRY - Bullish MoveWatch out for EUR/TRY. It is currently holding strong above the 4H 50 EMA.
The next step could very well be a breakout of the consolidation to the up side.
Trade safe.
EURTRY Bull FlagLooks like a very decent and stable bull flag here, so it is worth the risk. I am going to get in with half a size here and increase it to a normal size if we get a break out.
EURTRY - Daily - Wait for it to make a move firstTrade Alert
A break above the 6.2065 level could confirm a further possible acceleration of the rate.
Given the fact that the pair has finally broken the downside resistance line that was running from the end of August, as long as EURTRY remains above, we will aim higher.
Please see the chart for details.
Don't forget your SL.
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Second attempt By helping with finding out what really happened with Khashoggi maybe this will make the currency normalize again?
STRONG REVERSAL ON EURTRY , BULLISH ++ THERE ARE TWO TREND REVERSAL FORMATION ON CHART,
1ST : REVERSAL H&S , NECKLINE 6,20 TARGET 6,55-6,60
2ND: BULLISH FLAG ON RIGHT SHOULDER, FLAG'S POSSIBLE BREAK OUT WILL FIRE H&S SOON
3RD: ON DAILY CHART, BEAR TREND WAS BROKEN WITH NICE VOLUME
ENJOY GUYS
TRY a bit more to draw a BatIf this pattern plays out it can deliver a nice risk reward opportunity. But first a little retrace has to fuel the bull power for the short term profits of the shorts. lets give it another 2 weeks from here. By that time the Ichimoku Cloud as support level should align with the 38% retracement of the AD leg and give us a good position to add to a long. Always remember: buy on support, sell on resistance.
Turkish Lira strengtheningThe TRY seems to be strengthening against the Euro. I do not trade this pair, but as I have a personal interest in Turkey, I might buy some TRY (unleveraged) so upcoming visits won't become more expensive :-).
new low possible on this pair....look at price action on lower time frames before entering this trades..remember never trade on a strategy that you do not fully understand
EUR/TRY 1H Chart: Downside potentialDownside risks have dominated the EUR/TRY currency pair since the beginning of September. This movement has been bounded in a descending channel.
Currently, the exchange rate is testing the support level formed dy a combination of the weekly S2 and the monthly S1 near 5.9200. Given that the currency pair is being pressured by the 55-, 100– and 200-hour SMAs, it is expected that the general direction is expected to remain south. A potential downside target is the monthly S2 at the 5.5874 mark.
It is the unlikely case that some bullish pressure still prevails in the market, the Euro should not exceed the upper channel line located in the 5.8500/6.000 range.
EURTRY - short with capital S [demo account trading]My demo account will probably expired by then, but let me chart this anyway. TRY is having a bad time. 6th day closed bellow 200 EMA on daily chart is not a good sign. I expect it to visit at least 1.618 Fib extension from ATH (that's where T1 is located), have some correction to upside, and continue towards 200 EMA on weekly chart (see image bellow). Next stop would be Fib extension at 2. And then who knows :)
Weekly chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Planning a Long Euro vs Turkish LiraI wish I was into this stuff months ago instead of wasting time hoping BTC would recover. Some people would of made a fortune off this bull run. I think this correction is coming to an end. It is further along than vs the USA pair. Going to look to enter on the 15min timeframe will update when I see it.
On a side-note the president of Turkey is starting to talk bad about Trump and the 'minor' Saudi issue. Mind your place Mr. President : )
Can be played with BTC and massive margin @ bit.ly
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EURTRY - 240 - Still below the downside line, but...Trade Alert
EURTRY is still below its downside resistance line that has been dragging since the August highs. But the pair seems to be holding onto its key support level near 6.0125. Certainly, if the pair breaks below that, then we will continue aiming lower. But given the fact that EURTRY has struggled to overcome that barrier twice already, there could be a chance to see a bounce. But, of course, before we could start considering much higher levels, first we need to see a break above the aforementioned downside line and a close of the daily candle above the 6.1400 hurdle, marked by yesterday's high.
Please see the chart for levels.
Don't forget your SL.
EURTRY defending 6.0600 levelHalted by the 6.0600 level of support from a decline, the parity price is swinging. The price is consolidating inside a descending triangle. Once the price reaches the triangle’s tip, we may expect a breakout. 6.2020 and 6.2400 will be our upward targets. In the mid-term, 6.3500 will be eyed.
EURTRY Too Easy to Trade???Follow the trends. It pays off when trading. This pair correlates great with USDTRY, which has been a Gem for me & my network. Do you agree with my analysis? Comment Below!!
EURTRY down, more profits to comeIt is very likely EURTRY will continue going down.
I already had a nice profit trade on EURTRY on Monday but there is more downward potential in this pair.
EURTRYThe price has pierced through the upper band of the descending channel. As long as it stays above the formation, 6.3100 and 6.3500 levels will be the next targets. 6.4300 will act as a strong resistance. If the price retraces into the formation, 6.1300 and 6.0600 will be on our radar. The precinct of 5.8700 will be the next target.
