Euro / Turkish Lira EURTRY

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

Chart is pretty self-explanatory. Monitoring. Break of a trend line or support/resistance can be seen as support for shorts/longs. //DYORb4investing//

https://www.tradingview.com/x/Re84w7ej/

EURTRY (and $USDTRY) look to be at the bottom of the range here, and might end up evolving into a trend opportunity over time. I'm long risking small but with very good risk/reward since the invalidation for this trade is small (a drop under 6.87). $USDTRY offers the same setup pretty much but I like the crosspair more, slightly better r/r. Good luck, Ivan Labrie.

wait for breakout and retest of entry

next long time target ; 1.618 fib level

The European common currency has been appreciating against the Turkish Lira for five weeks. This movement has been bounded in a falling wedge. As apparent on the chart, the exchange rate is trading near the support cluster formed by the 55-, 100–. 200-hour SMAs and the Fibonacci 38.20% retracement in the 6.9843/7.0499 range. It is expected that the pair will ...

Trade Alert EURTRY is currently balancing just slightly above the short-term upside support line, taken from the low of the 16th of August. If that line continues to hold, then we could see further acceleration of the rate, where the 7.6200 level could get tested. If this won't be enough for the bulls, then we could see another attempt to try and hit the 8.0060 ...

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Short below 7, long over 8.

Looks like we have a Support/Resistance flip. Expecting next fib extension level to be tested. No confirmation on HTF yet.

Updated Idea you could say

had to edit this cause now for me i 100% found the top. fun fact: at this level erdogan told his folks to exchange everything they own (metals like gold/other currencies) into lira, and now this fuck is shorting his own currency. suck my dick erdogan. SELL ALL YOUR LIRA.

Turkey and America relations do not seem to be growing much in spite of this crisis. A crisis provoked by Trump as the US senatorial elections approach. The cause of this crisis does not seem to be a question of a pastor detained for acting as an agent for America. The evidence provided to the American state does not seem to please because the truth hurts and does ...

The Euro has been trading in an ascending channel against the Turkish Lira since the beginning of current week. As apparent on the chart, the Euro has reached the upper boundary of this pattern. In addition, technical indicators are in favour of bullish scenario. These two factors allow to think that a breakout is due in the nearest future. Traders should look ...

idea

I think we saw those moves often enough, last time on BTC. Let's short this mofo right now and see if we are lucky. S/L above last highs, or less tight above Fib 0.618

Will retest high. Turkey is in turmoil