EUR/TRY - Bullish Setup in a yearly symmetrical triangleFX:EURTRY *** DISCLAIMER *** Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. **************************** The price did a false breakout just yesterday and then re-entered in the symmetrical pattern (11 months old) with a long 4H candlestick. In my opinion the plan is to wait a retracement on the lower base of the triangle and wait for an engulfing or pin bar pattern, just to have a confirmation of the bullish pressure.Longby Logical_KnightUpdated 9
Long till price supported by red ascending trendlinePrice is still trading above minor ascending trendline , we are near breakout levels and long trades look more favourable , long on break above trendline on retest or from bottom of range near red trendline , uptrend valid till price is supported ... Longby AariTech22
EUR/TRY breakout imminent?After doubling from 4 to 8 in 12 months from mid 2017 to mid 2018, the turkish lira rested for a while. Currently it looks pretty "wedgy" to me, as I indicated with the trend lines. Since the country is still politically rather "shaky" there might be a breakout to the upside imminent with first target price around 8.Longby cmpndng7
Rate decisions effects on EURTRYAfter CBRT's rate decision parity start to fall. After ECB's decision, we tested new dips. But the last day of this week we are still in the same pattern. As long as we stay below the 6.35 level price movement will like to see new bottoms. 6.25 and 6.20 levels will be important in the case of continuation of the downside walk.Shortby LimitMarkets3
EURTRY shortEURTRY sell in short term. Take profit near the trend channel lower lineShortby LszlRakonczai4
Long on Break above corrective structure..Pair is finding support from strong ascending trendline and has broken above multi days long descending tl , now we are awaiting price to retest and clear the corrective structure providing us possible long opportunities.. Longby AariTech24
How to identify impulses and correctionsAn impulse is a strong move towards the direction of the trend and the correction is a struggle in price movement at some point...This helps us in forecasting the next probable moveEducationby thesharkke4
EURTRY , Same as USDTRYEURTRY Head and shoulders ?? if u think this analysis can be useful leave like&comment ! by Laurentbakiu2
Possible BUY setup for EURTRYPossible BUY setup for EURTRY Due to forseen inverse head and shoulders entry@6.285 target@ 6.69 sl@ 6.22 entry signal needed before entry can be take at support level 6.28Longby Zama_ZondaniUpdated 5
EURTRY setup-EURTRY short term RSI (H4 chart) is in oversold zone -The price is at support level -Long on short term and close near 6.37 -The best place to entry short position is near 6.37 -The short position is good for short and long term too. -In long term the price can go completely to February low near 5.9by LszlRakonczai3