NTrading
Short

EURTRY long term down movement

FX:EURTRY   Euro Fx/Turkish New Lira
19 0 1
2 months ago
EURTRY             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.
16 days ago
Comment: Trade never happened. When price breaks my invalidation level i just skip the chart without trading.
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