Euro / Turkish Lira EURTRY

Looks like a very decent and stable bull flag here, so it is worth the risk. I am going to get in with half a size here and increase it to a normal size if we get a break out.

EURTRY / Daily / Technical Chart Price is again at the resistance line

By helping with finding out what really happened with Khashoggi maybe this will make the currency normalize again?

EURTRY

=> Here we are tracking profit taking for shorts after an AB = CD leg in EURTRY => Nothing has changed on the macro side in Turkey and we have positive Euro flows starting to enter back into the picture as we start thinking about the unwinding of QE. => Our target at 7.34158 is the last daily R before we finished breaking down on this 'CD' leg whilst our stops ...

The TRY seems to be strengthening against the Euro. I do not trade this pair, but as I have a personal interest in Turkey, I might buy some TRY (unleveraged) so upcoming visits won't become more expensive :-).

EURTRY Sell!! be care!!

Watch out for EUR/TRY. It is currently holding strong above the 4H 50 EMA. The next step could very well be a breakout of the consolidation to the up side. Trade safe.

Trade Alert A break above the 6.2065 level could confirm a further possible acceleration of the rate. Given the fact that the pair has finally broken the downside resistance line that was running from the end of August, as long as EURTRY remains above, we will aim higher. Please see the chart for details. Don't forget your SL. CFDs are complex instruments ...

THERE ARE TWO TREND REVERSAL FORMATION ON CHART, 1ST : REVERSAL H&S , NECKLINE 6,20 TARGET 6,55-6,60 2ND: BULLISH FLAG ON RIGHT SHOULDER, FLAG'S POSSIBLE BREAK OUT WILL FIRE H&S SOON 3RD: ON DAILY CHART, BEAR TREND WAS BROKEN WITH NICE VOLUME ENJOY GUYS

look at price action on lower time frames before entering this trades..remember never trade on a strategy that you do not fully understand

Downside risks have dominated the EUR/TRY currency pair since the beginning of September. This movement has been bounded in a descending channel. Currently, the exchange rate is testing the support level formed dy a combination of the weekly S2 and the monthly S1 near 5.9200. Given that the currency pair is being pressured by the 55-, 100– and 200-hour SMAs, it ...

My demo account will probably expired by then, but let me chart this anyway. TRY is having a bad time. 6th day closed bellow 200 EMA on daily chart is not a good sign. I expect it to visit at least 1.618 Fib extension from ATH (that's where T1 is located), have some correction to upside, and continue towards 200 EMA on weekly chart (see image bellow). Next stop ...

I wish I was into this stuff months ago instead of wasting time hoping BTC would recover. Some people would of made a fortune off this bull run. I think this correction is coming to an end. It is further along than vs the USA pair. Going to look to enter on the 15min timeframe will update when I see it. On a side-note the president of Turkey is starting to talk ...

Trade Alert EURTRY is still below its downside resistance line that has been dragging since the August highs. But the pair seems to be holding onto its key support level near 6.0125. Certainly, if the pair breaks below that, then we will continue aiming lower. But given the fact that EURTRY has struggled to overcome that barrier twice already, there could be a ...

Halted by the 6.0600 level of support from a decline, the parity price is swinging. The price is consolidating inside a descending triangle. Once the price reaches the triangle’s tip, we may expect a breakout. 6.2020 and 6.2400 will be our upward targets. In the mid-term, 6.3500 will be eyed.

Follow the trends. It pays off when trading. This pair correlates great with USDTRY, which has been a Gem for me & my network. Do you agree with my analysis? Comment Below!!

It is very likely EURTRY will continue going down. I already had a nice profit trade on EURTRY on Monday but there is more downward potential in this pair.