TRYEUR trade ideas
EURTRY AnalysisWe have tested monthly demand area (3.0824-2.8456) once and then, as we expected we got a nice selling reaction from monthly resistance area (3.4791-3.3764)
Right now, price aciton is telling us that we may break daily supply or weekly demand zone easily by virtue of spending too much time to form both of them. But yet, if price reaches weekly demand zone, i would expect at least price to form some kind of a consolidation before breaking it downwards.
I prefer to sit on my hands and be waiting some newly created opportunities to come up.
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#EURTRY-Update: Moving Well Waiting For More Downside!Had some great downside since I last posted about this pair (See related ideas) made significant money in signals group and are holding for more downside
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#EURTRY: Bear Setup, Sell BreakoutBearish rounded top at resistance. Keep an eye on this for short set ups next week. We can short to the structure and then look for a larger breakout below the support
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EURTRY bullish signals with bullish fundamentalsThe current political uncertainty in Turkey is what drove that sharp rally in the first place, and the current consolidation is, for me, a signal of momentum build-up that will cause another spike following further uncertainty in the country.
The reason for this is that tourism could be affected, thus causing investors to stay away from the currency, buying stronger currency pairs against it, such as the euro.
EURTRY D Bearish GARTLEY PATTERN @ 3.4470Hi Guys,
This is a bearish GARTLEY Pattern completing at 3.4500 but I will be front-running my orders to make sure I get filled on this trade. The EURTRY has been in an uptrend for a long time now but it hit a level of resistance in back-to-back months late last year. I am expecting that the same level of resistance will hold making for a good sell trade for harmonic confluence.
The stop loss will be placed tightly above above the X leg as this pair has been in an uptrend forever which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 1000 pips x 2 = 2000 pips
Reward #1: 1700 pips. R:R = 1:1.70
Reward #2: 2750 pips. R:R = 1:2.75
Plan your trade... Trade your plan.
EURTRY: Interesting long setupWe have an interesting long setup in the EURTRY chart.
Go long if we plot a new high, or on retracement to 3.2131, with stops (for either of the entries) under 3.1914.
Target is initially a test of 3.3052 but we could march higher, and eventually break resistances and hit the higher targets on chart, but for now, it remains as a possibility that needs further empyrical proof to be validated.
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Cheers,
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
EURTRY - Ready for a swingThe weekly chart finds this pair at value Nothing to say here, chart neutral, although the preceding trend is up.
On the daily chart, there has been a long consolidation period, with a sort of H&S pattern, with a triangle, doesn't really matter what it is, it's going sideways. Today looks to me like either a H&S neckline rejection or a triangle breakout. Anyway, I believe we will see this pair at the previous serious resistance area.
Break DownwardsI see very few reasons for the EURTRY to break to the upside from here; (unless provided the EUR can get so strong as to break-out the EURUSD pair to the upside for example)...
