EURTRY INTRADAY POSSIBILITY???Well lets see how this plays out. This pair closed under its ADR. Im expecting to see some bounce back or complete crumble lol....
EURTRY trade ideas
EURTRY POSSIBILTY UPDATE Lets see what this pair has for us today. After asia session short spike london then sell off and NY buys it. Looks like a common pattern for this pair and USDTRY which identical buy this pair spikes higher! Now my gut says that may change. If it does drop will take it to the 200 ema for this confirmation and then hold until the 800 ema is within reach. Will see! Trade safe!
EURTRY REVISED POSSIBILTY WELL WELL WELL. The USD has some strength this week. Looks like this cross pair will follow USD/TRY to the heavens.
I previously had the this pegged to go short. It fell to the 50 ema on the 15 min chart and then just took off! Lol.
EURTYR Potential S H S formation and retestWatch for rejection from the neckline of SHS.
Disclaimer: Tradewith your own responsibility. It is only my idea and not a trade recommendation
EURTRY SHORT POSSIBILITYLets see what this week brings. Its been try to hold on for a while now. Maybe its time to let go.
BAT short EURTYRA Bat short is developing at a good level. We have also a Gartley short at the same level on H1 and a Crab short on the daily.
EURTRY DAILY LOOKEURTRY --- GOLDCOLOR
EURINDEX ----TURQUOISE
SELL
MACD DIVERGENCE +
RSI + (nearly)
ADX 0 NEUTRAL
decision : neutral, must watch carefully.
weekly pin bar price action - strong down move
price action - strong down move
price action - strong down move
EURTRY Daily Chart Oscillators:
RSI shows a declining line proving the EUR is underperforming.
STOCH shows a crossover is imminent, providing a timely trading
signal, as price movement shows the EUR is oversold. (Bullish
signal).
Trend:
Retracement being established at 4.31625 price level, as time
would be a great indication as price correction has been
established. The retracement to 0.236 shows an increase in
demand is yet to happen as a New Higher high expected with
the EUR.
Pattern:
Continuation Pattern (Ascending Triangle Pattern).
No clear visiual evidence of a reversal pattern.
Bullish Price Projection to the Golden Ratio.
Estimated Price Projection 4.37333.
EUR/TRY hinders near channel boundaryThe common European currency has been trading against the Turkish Lira in two ascending channels simultaneously. The junior pattern was formed as a result of the rate remaining at a relatively stable position during the past two weeks. As apparent on the chart, the Euro has failed to overcome a resistance area located near the 4.2189 mark.
During the last trading hours, the rate has been stranded in a narrow range between the 100– and 200-hour SMAs; thus, a breakout might occur in any direction. In case the pair succeeds at surpassing the 100-hour SMA and the weekly PP circa 4.20, it might appreciate until the aforementioned resistance area.
The base scenario, however, favours a soon movement southwards. This would comply with characteristics of the senior channel. In addition, it is apparent that the pair has failed to reach the upper boundary of the junior pattern during the last week. The closest downside target is the weekly S1 at 4.1701.
Bollinger bands here we have something..When i look the bollinger bands it is @ support and a big move will start from here up or down.
In fact this chart is bullish because it made a new high with previous movement..
very interesting things can happen.
people think this is bearish
dont be sure...
lets see..
It's time to startIt's time to start taking short positions on this cross with positive swap at short direction.
It will go down and start accumulating with high swap are never a bad idea
BUY SETUPYou may want to catch last piece of movement to upside which should reach target of bigger triangular pattern.
Wait for breakout of blue trend line for entry and you can aim for tagey as m,arked on the chart.
