EURTRY 1H Buy OpportunityThis is a high probability BUY opportunity, based on MACD Hidden Divergence, Moving Averages and Multiple Timeframe analyses...
EURTRY trade ideas
EURTRYHi dear traders .
we have monitored this pair for couple of days for a nice short opportunity and I think it time to be ready for a nice short .since the market hast just met a strong monthly structure and a second top is now starting to fall to complete a nice double top on weekly .
on 4H everything is almost ready for short
Days To Weekly EURTRY Double TopEurope figures are not good and looks Lira can take advantage for this situation.
Be aware weekend high spread
This fall can take time not a quick trade
EUR/TRY Set Up for a Possible Nice SellStudy price in zone noted for evidence of rejection. For demonstration and educational purposes. Trade at your own risk.
EURTRYEURXXX has been bullish for the past 5 trading days now and we expect it to relax a little bit from our RSI overbought indicator! Though I'm not a fan of Indicators but i recommend it a lot as it can be useful in this matter. EUR has also been favored against TRY! with few retracement at each increment stage of EUR!. We expect such retracement at the level i marked up on the chart.... The 3 systematic market structure has been respected also which gives us high probability that market is gonna play well!. for kindlike setup join us on t.me/fxdtrade1
EURTRY Trading PlanPattern: Channel Down on 1D within a long term (1.5 years) Channel Up.
Signal: Bearish as long as the price is trading (even if it breaks and later comes back in) within the Channel Down (dashed lines). No trade within the Red Triangle Zone. Bullish if the Higher High trend-line of the Channel Up breaks.
Target: The 1D MA200.
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EURTRY SHORT TRADE #forexlifestyleW1 BlueZone Break/Fakeout?
D1 took out opposing Demand
W1 opposing Demand held price which is now the scaleout area should the trade workout
H4 EntryZone
EURTRYeurtry has hit a key fib level which has been shown as a resistance and is currently bouncing off.
Don't miss the great buy opportunity in EURTRYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (7.4706). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURTRY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 71.
Take Profits:
TP1= @ 7.5998
TP2= @ 7.6507
TP3= @ 7.8517
SL= Break below S2
