Looks like EURTRY has finished visit bottom of trendline, so it may be a good idea for buy to the upper of it..
EURTRY is about to confirm a long entry based on one of the trading strategies we employ, derived from Tim West's methodology. I'll be sending a signal to long to my trading signals clients after today's close. Sellers have already taken positions and it appears there's no one left here to sell. This cross pair presents a nice technical level, and good opportunity...
Mostly it's going to be similar to USD but USD interest rates important and can change EURTRY
I'm not currently set up to trade spot forex, but this just says "short" all over the place, assuming it doesn't totally implode on Asian open tomorrow (it probably will) ... . I looked at other long Turkey plays (e.g., TUR), but they are unlikely to move much or will recover by the time NY opens.
We have tested monthly demand area (3.0824-2.8456) once and then, as we expected we got a nice selling reaction from monthly resistance area (3.4791-3.3764) Right now, price aciton is telling us that we may break daily supply or weekly demand zone easily by virtue of spending too much time to form both of them. But yet, if price reaches weekly demand zone, i...
The current political uncertainty in Turkey is what drove that sharp rally in the first place, and the current consolidation is, for me, a signal of momentum build-up that will cause another spike following further uncertainty in the country. The reason for this is that tourism could be affected, thus causing investors to stay away from the currency, buying...
Hi Guys, This is a bearish GARTLEY Pattern completing at 3.4500 but I will be front-running my orders to make sure I get filled on this trade. The EURTRY has been in an uptrend for a long time now but it hit a level of resistance in back-to-back months late last year. I am expecting that the same level of resistance will hold making for a good sell trade for...
eurtry long 3,2870,3,2970 The first target was completed take profit 3,3040, 3,27 stop loss