Oversold RSI combined with 0.5 Fib Retracement and Extention
Strong past structure at that level + could be viewed as support level of a trend which started in late 2013
Brexit effectsdisappear, hopefully!!
GL
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...
We have an interesting long setup in the EURTRY chart.
Go long if we plot a new high, or on retracement to 3.2131, with stops (for either of the entries) under 3.1914.
Target is initially a test of 3.3052 but we could march higher, and eventually break resistances and hit the higher targets on chart, but for now, it remains as a possibility that needs further...
I am still expecting greenback to lose some more value against Turkish Lira. Most likely 2.81 will give us a great opportunity to go long. There is 2.75 under 2.81 however I don't expect that to happen. So I recommend to wait for 2.81 to take position on $USDTRY. StochRSI in combination with this support will let us know the correct entry level.
Potential long signal on daily chart. But better wait for daily price close. Also wait for doji complate or non...We have a long signal on daily chart. But on Monthly chart we have a huge bearish engulf candle. Keep in mind.
