Good day traders, I´m entering short at current levels after yesterday bearish breakout . SL @ 3.255 I expect a downside leg till 3.15- 3.16 area You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like...
Thoughts on Chart. Although after a period of consolidation the price can go either direction, my bets are on a move down. Here are the reasons. 1. MACD crossover. 2. Downwards trending 100 MA. 3. All factors that have damaged the price have already been factored in. Unless war breaks out, I'd say a drop is likely. 4. Buying Turkish Lira pays very well. Great...
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...
Downward trend, deviation from downward moving average, and retraced to trendline. The euro will continue to fall.
Hello everyone, We have a bullish trade on this pair (short term). Also the price is going up in a channel which bring me to SL point, the Sl would be below the X or when the price confirms the breakout to the downside. The targets are highlighted on the chart. Let's see and Good Luck
As you can see by my chart, every time the price has hit the top of the linear regression, and 0.04 on the MACD, the price has reversed back down again with the CCI, DeMarker and Stoch RSI gradually falling back into their respective channels. Without consideration of any further shocks to the market, I think that political instability, the conflict in the south...
EURTRY formed a Wolfe Wave pattern, I entered short at current levels with SL above 3.13 . 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high . 3. Think like a fundamentalist, trade like a technician . 4. Keep your analysis simple 5. Start small and increase exposure when trend is confirming your analysis...
200days support area.. under 2.83 target can be 2.66 but for me it is not possible.. Here is can be good area for long positions. Targets are 2.89 - 2.91.. max in one week