EURTRY trade ideas
EURTRY potential short, but lots of upside potentialEURTRY potential short, but lots of upside potential so 1% risk only on this
EURTRY looking for retest and than continuation of rallyThe EURTRY failed to make a new high on the price chart, but surely hit a new high on the RSI.
Looks like we will retest the trendline again before continuing the upward movement.
EURTRY Long set up coming soon.Ill be watching this 4 hour chart of the EURTRY closely as it approaches the upper trend line of this channel. Upon a break we should see a nice up move to rack up some nice pips.
Trendline still holding, but looks like a break soonThe trendline, starting 18. August, is still holding, but looks like a break really soon. Definitly on my long watchlist for next week.
Just wait for a price dip back to support and then up to the old high!
EURTRY: Longs after loss of bearish momentumEURTRY is about to confirm a long entry based on one of the trading strategies we employ, derived from Tim West's methodology. I'll be sending a signal to long to my trading signals clients after today's close. Sellers have already taken positions and it appears there's no one left here to sell. This cross pair presents a nice technical level, and good opportunity to leverage the bearish fundamentals the Turkish lyra has.
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Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.25% on such information.
EURTRY Buy FALLING WEDGE PatternInterval : 30 minutes
Pattern : Falling Wedge
Length : 36 candles
Target : 3.3807
EURTRY Long analysisMostly it's going to be similar to USD but USD interest rates important and can change EURTRY
POST FAILED COUP -- LOOK TO SHORT EURTRY, USDTRYI'm not currently set up to trade spot forex, but this just says "short" all over the place, assuming it doesn't totally implode on Asian open tomorrow (it probably will) ... .
I looked at other long Turkey plays (e.g., TUR), but they are unlikely to move much or will recover by the time NY opens.
3.333 level poised to be tested on #EURTRYA price breakout above 3.265 in next couple of days can create a rapid upmove to 3.333, otherwise we could see a slightly downward move first before pushing higher. Will add trade when the later happens. SL around 3.175.
Price Broke The WedgeEuro area was hit by the Brexit exit referandum. As we know this comes with some weakness. In EURTRY price action we can see that price broke the wedge and test the below trend line and tested it and moved downward again. The movement can be chased till the oversold areas.
#EURTRY: Downside To Be Seen, Potential For Drop!Pair showing clear weakness here, expecting a nice move to at least the structure bottom which is actually a target that makes a lot of geometric sense. If we break the sideways structure target area, we could have a new bear impulse leg to the lows of the range
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EURTRY is about to pop big timeThe Turkish lira vs the euro is about to make a big move in either direction, with Bollinger band starting to squeeze. A big move down would open up a fantastic carry trade opportunity considering the swap. For a similar diea, consider the rand, but with the possibility of gold falling after the referendum, I prefer this trade.
