EURTRY trade ideas
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EURTRY: Watch this one for upsideHi guys,
The EURTRY is breaking out after a correction. I am expecting an up move so buying the breakout seems like a good idea.
Thank you for your support.
EURTRY long term down movementEURTRY did an impulse down and now it is in a deep correction before the next impulse down.
I anticipate a longer term weekly downtrend to start soon. In addition the positive swap is really good for short positions (at least in my broker).
In addition we have regular divergence in Daily timeframe.
Furthermore EURTRY is in the highest point of the last 17 years (or even more), so it is in extreme values.
IF this trade happens it will take a log of time, BUT it will give us yearly gain. So you need to be patient.
However as always i have draw in the chart my invalidation level.
Thank you for your support.
EUR/TRY - Bearish Deep CrabInteresting setup on the Daily chart for EUR/TRY with a potential bearish deep crab, as you can see price is currently trading within an ascending channel and has attempted to breakout multiple times.
The measurements for a valid deep crab pattern are detailed below.
B: 0.886
C: 0.382 - 0.886
D: 2.0 - 3.618
Final X to D: 1.618
EURTRY-Update: Buy Set Up #ForexTraders,
UPDATE: Trade is moving very well since I last posted (see related ideas) I hope you had your own tested trading strategy to trade this move.
Previous analysis: Strong bullish engulfing signal after a series of narrow range doji's at a major correction level after a bullish impulse leg. Price corrected nicely into the Fibonacci retracement level, simultaneously retesting the exponential support level, offering a nice launchpad for upside move to the highs of the range. Move is an impulse leg, with a 3 wave measure move target.
Thank you for your support.
EURTRY: Buy Set Up #ForexTraders,
Strong bullish engulfing signal after a series of narrow range doji's at a major correction level after a bullish impulse leg. Price corrected nicely into the Fibonacci retracement level, simultaneously retesting the exponential support level, offering a nice launchpad for upside move to the highs of the range. Move is an impulse leg, with a 3 wave measure move target.
I hope you have your own tested trading strategy to trade this move when it starts
Thank you for your support.
If price and LS get over 3.57879 then Bullish confirmationIf price and LS get over 3.57879 (higher timeframes flat lines) then that would be a bullish confirmation.
If not <=> If 3.57879 is a resistance then no trend (or possible inversion).
LONG TERM VIEW. WHEN WE LOOK AT THE WEEKLY CHART. THERE IS A POSSIBILITY THAT EVERYTHING WILL BE FINE. THIS CHART IS SUGGESTING A LONG TERM TOP PATTERN I GUESS. BREAKDOWN OF MAJOR TREND LINE THAT WILL BE STABILITY AND SIDEWAY MOVEMENT I GUESS. BUT NOW THERE IS NO SELL SIGN THIS IS A VIEW OF THE CHART. RSI AND CHART SUGGESTING A LONG TERM TOP. LOOK AT THE LITTLE TIME PERIODS FOR TRADING.
Short EURTRYThis is a bit of an against the grain trade but its a solid setup on multiple levels along with it being a nice position trade as well. We are willing to let this trade work for a while, but perhaps it only takes a few days. Short at the current level to target the 3.3700 level.
EURTRY PAIR STATUSI GUESS NOW CAME BACK TO 50 DMA WHEN WE LOOK THE RSI AND GOLDEN CROSS I GUESS TIME TO BUY. LETS SEE
#EURTRY LONG TRADE ABOVE 3.316Reentering on a pullback. Still has significant upside to 3.420.
Trade setup formulated by Sudden Upswing Pre-Alert System™
* Created uniquely by SureFire Trader
* Uses powerful algorithms and very own Tilted Libra-Scale™ wave pattern recognition method to discover price breakouts.
EURTRY LongPull back, then trend continuation.
Order will expire at 1100 U T C -4 if it's not picked up.
BEAR GARTLYA NICE BEAR GARTLY IN EURJPY, STOPS ARE -314 PIPS AND 1ST TRG IS 320 PIPS 2ND TRG 640 PIPS
EURTRY ShortRed line = stop
Blue line = entry
Green line = take profit target
Order expires at 1100 U T C -4
