TRYEUR trade ideas
eurtryFalling channel is broken now we are rising channel. With the developments in EUR USD parcels, we are at minimum 4,10 levels in the middle of 8th month.
EURTRY buy setupHi guys,
EURTRY looks like a great buy. There is reversal candles at the sidewards support level, as well as massive Stochastic divergence. This could be the start of a new impulse leg if it manages to break the structure.
Best regards,
Tom_Killick
EURTRY - Possible start of a serious correctionThe Turkish Lira has been so beaten up these last few years, it's pretty hard to think about going long. However, looking back, I can spot similar behavior after parabolic moves (labeled on the weekly chart). Note that at the moment the weekly chart is still bullish, so this is an anticipation trade.
Going on to the daily chart, a double top is taking shape at the round level of 4.0, with a slight bearish divergence on the histogram. This warrants a small short, however, it is not the easiest trade to take.
Fundamentally, Erdogan taking over full power of Turkish politics should prove, at least in the short term, beneficial to the Lira. Instead of having an unstable political landscape, a few months of calm and stability are coming. All of this, coupled with a weak dollar, a predictable FED, calm in world wide stock markets should push the Lira higher. Keep in mind the huge swap you earn on a longLira position.
Soft stop above 4.0, targets outlined on chart. The longer it takes for this pair to reach those targets, the more swap you earn.
eurtry ...buy after breakout chart is on a correction and my suggestion is entry after breakout and confirming above 3.95 on H4 time frame
Eur/Try ~ Head & ShouldersBefore the next positions, we have here H&SH space for sell and TP some pips.
After trand will finish this structure, please watch the Support & Ressistance channel levels.
See you ! GL :)
EUR TRY * BUY SETUPHere you can see my last ideas, on my channel!
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this days, most of them was Profitable. (y)
EURTRY : Buy Setup going above 4.40Final 5th pending wave extends to 4.4 from abcde of 4 consolidation.
Trade your plan
What will happen with the TRY till the end of the year 2017After a longterm Anelising of fibs / HVF/ waves and other instruments, a came to this conclusion .
It can take longer some longer , but not much .
