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 6.28
TRYEUR trade ideas
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 5.9
EURTRY - 240 - Back into the channelTrade Idea.
This is a quick shoutout for EURTRY. Given that the pair failed to move higher and reversed back into the channel, we may see the rate sliding a bit lower, maybe even going back to the lower side of that rising channel. Also, the Turkish lira is showing some good performance lately and it may come under buying interest again, unlike its European counterpart. This could lead EURTRY a bit lower. We will be very careful and have our stop-loss in place, in case this suddenly reverses against us.
PLease see the chart for levels, targets and the alternative scenario.
Always have your stop-loss in place.
Possible BUY on EURTRYPossible buy on EURTRY target 6.43. possible inverse head and shoulders visible. daily trendline broken and retested. waiting for confirmation candle stick entry. stop loss below previous 4hr low.
EURTRY | EURO/LIRA Short on CorrectionSelling Lira because the overnight funding you sometimes get is just insanity! On my broker I get 0.05% on my LEVERAGED position... PER NIGHT! That's 1% in just three weeks!
For example I sell a position for $1000 which is leveraged x100 = $100,000. I get $1000 in just three weeks which is my initial investment, this means I make 100% ROE in three weeks if market moves sideways.
The technical analysis actually says it probably goes down. Insane.
To the technical analysis: Wait for correction to next weeks central pivot point or 21/34 EMAs then SELL and HODL.
Analysis of EURTRY 26.07.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 6.2900
• Take Profit Level: 6.2200 (700 pips)
If the price rebound from a support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 6.3900
• Take Profit Level: 6.4100 (200 pips)
GOLD
A possible long position at the breakout of the level 1426.00
USDCHF
A possible long position at the breakout of the level 0.9920
GBPUSD
A possible short position in the breakdown of the level 1.2410
USDJPY
A possible long position at the breakout of the level 108.80
EURTRY setting up nicely for a leg upOne of my favourite pairs this weekend. So much confluence for an upside leg. Let's break it down.
1) Price printed a doji on the last trading day. That is a somewhat sign of reversal.
2) Price printed the doji at a strong area of support . We can see how many times the price has jumped from this area in the past (green circles)
3) Price printed the doji at a strong area of support and right at the 200MA. Now, this is a strong sign for a reversal. Price is supported by horizontal support and the 200MA.
4) Price printed the doji at a strong area of support, right at the 200MA and right at the ascending trendline (red trendline) dating from beginning of this year. This is extremely strong
5) Double bottom. The price of the pair is rejecting the same area it rejected on 5th of July.
6) RSI divergence. We see that the price made a low on 5th of June and 5th of July but the RSI didnt go lower, instead it stayed neutral. On this new low the RSI has actually won strength. Another sign of reversal.
Not everything is perfect though:
1) Price is capped by a descending trendline (blue trendline) that has been respected since May. A break of this trendline will totally confirm the leg up.
2) Price is capped by 50MA before it could reach the horizontal resistance. So we will use 50MA as PT1 as it could send the price lower again.
Lets look at the 4H chart to get a trading plan :
We clearly see the double bottom and the same RSI divergence than on D chart (purple lines). The Price Action is not very clean but we can make 2 different plans.
- Plan A: Blue arrows -> Price recovers to the descending trendline where it will also hit the MA50, retraces a bit before continuing higher.
- Plan B: Red arrows -> Price breaks the descending trendline and keeps going higher until hitting the 4H resistance area that will also be the 200MA. Price could retrace back to the trendline, it will be also the MA50, before continuing higher.
I will wait to see how the pair wakes up on Monday morning but if not much of a change I will buy straight away and exit the trade if a 4H candle breaks and closes below the support and lows of 5th of June.
If I am missing anything let me know in the comments!
EURTRY LONG looking for a long after the bottom box gets filled then looking for shorts after the top gap gets filled
eurtry show is LOADING...as we know today we will be some political issues (like arrival of s400). but reaction will delay to new weak (too hing swap costs). but sunday/monday mid night show begins.... and who know when it ends...
good hunting
EURTRY / Techincal ChartEURTRY
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EURTRY possible long setupAlthough the multi-year parabola looks like it wants to break down here, I still tend to think it'll take a leg up and we are just shaking out weak hands?!
