Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURTRY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
USE FIBS FOR YOUR EXIT, RESPECT YOUR STOPS
Buying opportunity here. Wait for price to make the pullback.
Hello traders. I have been in a bit of a pickle this month: between elections in the US and a stalling EUR/USD, my demo took a bit of a hit (more than I care to tell) and one big mistake was to go long SP500 on the NYSE open the very day that a Covid19 vaccine was announced... There was optimism on Wall Street and I was looking for some direction in anything that...
Pedal to the metal It looks like the new Governor to the Turkish Central Bank has put his foot on the gas to stop the Turkish Lira from falling. Let's hope he doesn't run out of gas any time soon. I hope so, but looking at the technical picture all he has done this morning is push the rate of the EURTRY back to previous support and back to the mean of the up...
Euro gains after the Turkish Minister of Finance resigned According to the text he posted, he chose to resign for health reasons.
Technical support levels shown where each time it advances. Fibs are extension of last range and low.
EURO - TURKISH LIRA | I used 2 methods: The Purple color is a Parabolic Curve Step-Like Formation and The Blue one is Livermore's Speculative Chart. $EURTRY will top @ 16 and will break the parabolic formation followed by a 80% correction. So 80% correction from 16 will bring $EURTRY to 3.
- Merhaba bunu 2017 başında yapmıştım ve gayet güzel tutuyor. - Buraya koyuyorum yıllar sonra tekrar gelip bakıcam xd. English: - Hello I did this at the beginning of 2017 and it keeps it just fine. - I put it here, I will come back years later and look it xd.
Hello traders, the readings on RSI and ATR, as well as the angle of the current hyperbolic move, make for difficult incentives for holding a long trade on EUR/TRY: therefore, I closed my trade about 50% through the profit target and made a healthy catch (over 26k). In this video the key points discussed are: - ATR divergence/waning (multi-timeframe...
EUR/USD is just keeping within the upper boundary of a 12-year downtrend channel and volume in FX futures is inconclusive, though it seems that there is plenty of ammunition for sellers to keep it there. In this video I explain why I am neutral, and also show how trading EUR/TRY makes sense as the two pairs have very little correlation. Take care! Francesco
In this video I am looking at the relationship between EUR/TRY and the i-shares MSCI Turkey ETF, which allows us to look at volume data as a proxy for momentum in EUR/TRY, specifically addressing the following question: - is the MSCI Turkey ETF selling overdone? - what does the daily and weekly ETF's RSI tell us? - with the index reaching the 2018 lows, is there...
In this video I am looking at various aspects of trading the Lira, namely its technical underpinnings and using a relative strength assessment to check its possible trend momentum. I look at the Turkey MSCI ishares ETF for correlation and volume as a proxy for what may happen to Lira pairs. Enjoy! Francesco
EUR/TRY is one of the few FX pairs that can truly rival stock-market trending: this (and its parent pair, USD/TRY) has been uptrending almost incessantly for over a decade, something that is quite rare in the fx world - other examples are true outliers such as USD/IRR and USD/ARS, but these are not accessible through your ordinary broker. What I learnt from...
For demonstration and educational purposes only. Price testing a key zone. This is a watch for now. Watch for rejection and re-testing of key zone over the next couple of weeks. This could offer a possible 3.500 pip opportunity. Trade at your own risk.
Fundamentally, Turkey is important to stay in NATO , close to EU, supported by Germans, invested heavily in by Europeans and others. Negotiations with Greece will commence (starting in 2 weeks) and after all Turkey has nothing to lose and lot to gain from East Mediterranean Natural gas resources. Take this from a Greek like me, emotions are not good when you...
🔸 Ceilings and profit taking I am starting to unwind partials in the USDTRY longs with all of these moves so full of energy in the current chapter it wont be long until the retailers and bloomberg crowd are on board. There is lots of thunder and lightening across the global economy, Turkey will catch more than the sniffles but it is prudent we stick to the plan...
Turkey’s up-and-down relationship with Greece has been causing unwanted tension in the forex market. Even after weeks of conflict between the two countries, it looks like even the announcement that they’re willing to start talks to resolve the issue wouldn’t be enough to ease worries. The EUR/TRY pair’s 50-day moving average will continue its upward trend after...