Kumowizard

EURTRY - Sell some based on 4 Hrs break

Short
FX:EURTRY   Euro / Turkish Lira
2
Daily: No major Ichimoku signal, rather neutral in terms of Ichimoku. Kumo is flat and thin, Tenkan and Kijun are both flat too. Chikou has no real information either. Yes it is a wide range with some descending angle.
Use rather classic indicators here to determin possible short term swings: MACD sell signal, Slow Stoch bearish.
Daily carry is excellent positive too to keep short EURTRY.

4 Hrs: Small bullish trend line broke, and retested. That meant also a Kumo and Kijun retest. Ichimoku lines point bearish, but no momentum yet. We need to see a break of 2,8570, then probably DMI will switch bearish too and also ADX will pick up above 20.

Strategy: Sell 1 Unit, Stop at 2,8660 (or higher, depends on your money management). Add to position on break below 2,8570. Tgt is 2,79-2,80.


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