Kumowizard

EURTRY - Temporary slowdown in bullish momentum

FX:EURTRY   Euro Fx/Turkish New Lira
97 2 4
Some political turmoil in Turkey blew up their ccy recently. However even the strongest and most agressive Bull needs some rest.

Weekly:
- Ichimoku setup is bullish , but Price reached previous key level at 3,10+, which can be a temporary resistance ahead of further bullish move.
- Heikin Ashi setup is bullish , even next week's candle is likely to be green if we compare current candle body's mid and the actual price. However haDelta is reaching an extreme high zone. From this we often see some consolidation or pull back later.

Daily:
- Price has been moving in a wide uptrend channel, recently reached channel top
- Ichimoku setup is bullish , but price is above Kijun Sen by 3 %, so we may see some profit taking and chill down, Kijun can attract Price back in short term.
- Heikin Ashi has a signal of slowdown in bullish momentum: second inside bar candle today with lower low again. haDelta is coming lower sharply, after it reached an extreme high leveltwo days ago.

I opened 0,5 trade unit counter short, with a a tgt             3,01.
Krio
a year ago
great call again! thank you!
Reply
bilk29
a year ago
thank you
Reply
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