EUR TRY
3.11 Ratio Trade (1800 pips) on the EURTRY!As we see the pair formed a double top and closed below the neckline on the daily. The major trend line acts as a major support for the pair, breaking it means that the pair is going to the 3.70 levels.
Make sure NOT to sell before the trend is broken and the break is confirmed.
Good luck!
Let's see this opportunity of Long positionLong position after consolidation during one week ore more.
%7 jumping chance in 15 days in USDTRYWatch for 24 JAN and 27 JAN there can be huge jump after CB and Fitch decides
EURTRY 1H/4H shortAfter this pump rally, also if EUR is gaining some with USD we can expect a nice short here. Rate risen too much and it need a pull back with the same power it went upwards.
Set a proper SL and enter your trades.
Good luck.
EURTRY StraddleDaily time frame suggests an opportunity to capitalize on indecision and/or manipulation in the market.
Sell limit set at 4.06358 with a 461 pip stop. Risk = $12.50 (1/4 of 1% of equity).
Buy limit set at 4.01748 with a 461 pip stop. Risk = $12.50 (1/4 of 1% of equity).
Both orders expire 10 minutes before London close.
No take profit target will be set. Trades ride to stop loss or until I choose to take profit.
Two optional path after USD weakensDespite USD weakens red support line worked. But volume is low now 3 hours later volume will be higher so probably it will chose one of the paths I draw
USDTRY comparison with USDRUB and BRENTOILIn this chart, you can see the correlation between BRENT OIL and USDRUB. When you open long position for long period for USDTRY you can open USDRUB short. USDRUB short will pay your swap cost when you get some profit from USDTRY.
Fibonacci on USDTRYLast trends were matching with fibonacci levels. After today's jump there can be another fibo support.
EURTRY bullish and bearish patterns!Hello everyone, we have two potential patterns in play. The bearish pattern is finishing around 3.78221 and the bullish pattern finishing around 3.54656. There are more patterns which I will post along the way.
For any questions leave a comment or DM me.
Good Luck
ONE MINUTE HERE WE HAVE PROBLEM !!!!HERE AT DECISION POINT... IF IT NOT FALL IN THE WEDGE... MANY TERRIBLE THINGS ON THE WAY :(. EVERYONE BE CAREFUL MY GUESS IS THIS... VERY CAREFUL !!!
IF IT GOES INTO THE TRIANGLE AND STAY IN IT... SHORT LIKE NO TOMORROW !!1
Time to hike rates 5 points and this maddness will stop !!Eu union trys to crack our economy. Time to make some action. ! They will be broke !
TURKISH LIRA EURO AND USD BASKET MY LAST CHART.WHEN WE LOOK AT THE CHARTS EUROTRY AND USDTRY WE CAN SEE A MAJOR WEEKNESS. AND TECHNICAL OUTLOOK TWO PAIRS ARE CLOSE MAYBE ENDED THEIR RISE. TRUMP ELECTION NIGHT TWO PAIR SEEN ALL TIME HIGHS. AND TRIANGLE TARGETS SEEN. WHEN I LOOK THE BASKET PERFECTLY SEEN TARGET. SO THAT TARGET LEVEL WHEN ACHIEVED AGAIN MAYBE IS A SHORT OPPORTUNITY. LONG TERM TURKISH EQUITIYS AND PAIRS ARE OPPORTUNITY.
LONG TERM VIEW. WHEN WE LOOK AT THE WEEKLY CHART. THERE IS A POSSIBILITY THAT EVERYTHING WILL BE FINE. THIS CHART IS SUGGESTING A LONG TERM TOP PATTERN I GUESS. BREAKDOWN OF MAJOR TREND LINE THAT WILL BE STABILITY AND SIDEWAY MOVEMENT I GUESS. BUT NOW THERE IS NO SELL SIGN THIS IS A VIEW OF THE CHART. RSI AND CHART SUGGESTING A LONG TERM TOP. LOOK AT THE LITTLE TIME PERIODS FOR TRADING.
