EURTRY daily - analysis and long trade idea

FX:EURTRY   Euro / Turkish Lira
215 2 2
Turkey is involved in a lot of ( geo             )political, military and terrorism concerns. Despite relative EUR weakening and low oil             price, TRY is loosing its strength due to the risks inherent to the country.

On technical daily side, PA is above the cloud. We may see a retracement soon towards the twist and then a rise towards the highest levels of 2015. Impatient traders could initiate a long position now with a TP at 3.367 which is the level defined by the flat Kijun range on Sept/Oct 2015.

Comment: This is by far the most accurate forecast I have made on Tradingview :)
Bad elliott waves... Wave 4 can not below wave 1... This is ABC correction wave... my opinion.
I did not meant them to be Elliot waves but it was convenient for me to draw a N-lines instead of separate segments. Please press "play" on the chart ;)
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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