Tom_Killick

EURTRY-Update: Buy Set Up #Forex

FX:EURTRY   Euro Fx/Turkish New Lira
53 0 8
Traders,

UPDATE: Trade is moving very well since I last posted (see related ideas) I hope you had your own tested trading strategy to trade this move.

Previous analysis: Strong bullish engulfing signal after a series of narrow range doji's at a major correction level after a bullish impulse leg. Price corrected nicely into the Fibonacci retracement level, simultaneously retesting the exponential support level , offering a nice launchpad for upside move to the highs of the range. Move is an impulse leg, with a 3 wave measure move target.

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