albert.callisto
Long

EURTRY daily - analysis and long trade idea

FX:EURTRY   Euro Fx/Turkish New Lira
215 2 2
10 months ago
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.

10 months ago
Comment: This is by far the most accurate forecast I have made on Tradingview :)
suburra
10 months ago
Bad elliott waves... Wave 4 can not below wave 1... This is ABC correction wave... my opinion.
Reply
albert.callisto suburra
10 months ago
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 ;)
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