EURTRY long term down movement

FX:EURTRY   Euro / Turkish Lira
46 0 3
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.
Comment: Trade never happened. When price breaks my invalidation level i just skip the chart without trading.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out