EURTRY trade ideas
EURTRY - Bearish Swing Due? - What goes up must come down?EURTRY has been clearing up-trending for over a decade. The upside momentum has been significantly stronger in recent years, as seen by the more aggressive trend support lines. How long will the upside continue? Is price finally reaching a high?
The main reason for me wanting to open a long-term short on EURTRY is the positive swap rate. I personally believe that these is no other currency pair (offered by retail Forex brokers) that has such an opportunity - an extremely high short swap rate with possible strong downside.
A few things to consider...
Price is looking over-extended . Recent bullish moves have been euphoric. The swing in January 2017 was almost vertical. From past experience, this generally means that a correction is due, and usually a major correction.
Bearish pin bars and inside-bars. The current bullish swing is struggling to form a higher high. 31/07 saw a clear bearish pin bar close. This has been followed by an inside-bar with a bearish break-out. If price continues to remain quiet this week, this weeks candle may close another inside-bar. Possible signal of a shift in momentum?
There is a lot of support. If price does start heading South, it may find a lot of support (unless EURTRY plummets). Dynamic support, trend support and horizontal levels have been identified on the chart. The only positive from all this support is that if the EURTRY closes below these support areas, they may then act as resistance, possibly helping price to move lower.
Brexit. Yes, that word that frustrates the British (and perhaps the Europeans?). Who knows what this will bring to the EUR and GBP in coming months. A weakening Euro is a possibility but your guess is as good as mine.
If the position is stopped-out, I will look for the next opportunity to short the pair. I believe this pair offers potential trades that should not be missed.
Strong SHORT pressure level for this cross. Strong SHORT pressure level for this cross.
See my twitter profile for daily pressure levels for all crosses
EURTRY will tankEurTry will surely go down.
it is in deep overbuy conditions and in W1 you can see the formation of HEAD SHOULDER pattern
Eur start loosing is power in theese days
Usd start gain more power and will help Eur to go down
The cross eurtry have positive swap and is also a good opportunity for accumulating position for intraday trading
Maybe a great opportunity
Bullish EURTRY for 8/11I am bullish EURTRY for Friday 8/11 because yesterday's daily candle closed above the 5 EMA after having previous candles close beneath it.
This pair has an enormous spread and thus I will not be trading it!
However, I think it will go up!
God Another Triangle..I see tirangles everywhere..
god bless us.
This can continue to be a big triangle for more than 6 months again like before...
Stop point breakdown.
Entry point breakout.
Double top/reversal patternFor now im still sitting on my hands once i get a sell signal ill jump in below the neck line im so waiting for this trade hahaha
EURTRY ...buy position after breakout enter to buy after confirming above trend line on H4 time frame
EUR/TRYPrice has retraced to kijun sen. Chikou span above price and cloud + Price above cloud + Bullish kumo twist. Good entry with excellent risk to reward ratio.
EURTRY tracing bearish off double topRetrace has begun after double top. Movement for EURTRY towards 4.0.
EURTRY SHORTING POSITION OPORTUNITY*DOUBLE TOP PATTERN
*BEARISH PRICE ACTION (SHOOTING STAR ON DAILY)
*NO HISTORY OF HIGHER LEVELS
*EXCELLENT RISK REWARD RATIO
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Politics affecting currencyDeteriorating relations between the German government and the Turkish Government causing uncertainty
