EURTRY Trading Signal: Buy AlertOur analysis using the EASY Quantum AI strategy indicates a positive momentum for the EURTRY pair. Market conditions suggest a strong buying opportunity based on historical volatility patterns and current market trends. Here's your trading plan.
💡 Entry Details:
- Direction: Buy
- Entry Price: 36.72583
- Take Profit: 36.96925667
- Stop Loss: 36.31386667
Factors influencing this forecast include recent data from our advanced pattern recognition system, which shows increased buying pressure and support at lower levels. The EASY Quantum AI strategy identifies sustained demand and positive trend signals, justifying a bullish position.
Risk Management:
Adhering to risk management principles, a Stop Loss at 36.31386667 limits downside risks, while a Take Profit at 36.96925667 secures potential gains. Utilize these parameters diligently.
Stay informed and agile by leveraging this signal in your trading strategy. For more insights and support, explore our EASY Quantum AI tools tailored for dynamic market engagement.
🏦 Trade wisely and manage your exposure effectively!
EURTRY trade ideas
EURTRY Turkish Lyera. Huge Uptrend on TRY but a recent pullback.
The EUR normally flys in the clouds on this one but a recent change of fortunes and a short term rebound for the Turkish this last couple of weeks, I get the feeling that bookmakers-marketmakers do not like retail traders being long on the EUR, that is the feeling I get. we feel that she does not have the experience to handle this city on her own, the EUR is fighting for the sky's right now.
Forex Signal Alert: EURTRY - Sell OpportunityDear Traders,
We have identified a promising trading signal for the EURTRY currency pair based on the EASY Quantum Ai strategy. Here are the specific details for this trade:
Direction: Sell
Enter Price: 36.12
Take Profit: 36.02238333
Stop Loss: 36.29462333
Analysis and Justification:
- Technical Indicators: Our proprietary EASY Quantum Ai strategy has signaled a bearish momentum for EURTRY. This conclusion is based on recent price action patterns, volume analysis, and trend indicators. Specifically, we notice a significant resistance around the 36.12 level, making it a strategic entry for a sell position.
- Economic Factors: There are ongoing economic uncertainties in the Eurozone compared to the relatively stable outlook in Turkey, creating downward pressure on the EURTRY pair.
- Market Sentiment: Current sentiment analysis indicates a bearish outlook for EURTRY among institutional traders, adding to our confidence in this sell signal.
Trade Plan:
Enter the market by selling EURTRY at 36.12. Set your Take Profit at 36.02238333 to secure potential gains and your Stop Loss at 36.29462333 to limit downside risk.
Disclaimer:
Trading forex carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
Stay vigilant and happy trading!
Best Regards,
Your EASY Quantum Ai Team
EURTRY: ITF CURVE ANALYSIS (20H) - (DOWNTREND)✨ EURTRY: ITF CURVE ANALYSIS (20H) ✨ (DOWNTREND)
SLO @ 35.21465 ⏳
SSO @ 34.40061 ⏳
TP1 @ 32.85099
TP2 @ 30.58958
TP3 @ 29.10757
BLO1 @ 28.75192⏳
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
DISCLAIMER: Normally when PA is at its ATH or ATL, we prefer not to trade that pair. In this case, I'm taking a calculated and intentional risk on this trade for the swap advantage and potential for reward. THIS IS NOT FOR EVERYONE. I'm just posting to track for my own personal reference with a very, VERY conservative order position size.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
EURTRY - 4 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting's personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules. Any action taken upon these information is at your own risk.
EUR/TRY Bullish reversal The EUR/TRY currency pair has exhibited the AMD pattern, transitioning from accumulation through manipulation, and is now in the distribution phase. This stage is characterized by heightened activity as the price consolidates, preparing for a breakout.
Technical Analysis:
Accumulation Phase: Buyers gradually entered the market, accumulating positions, leading to a steady increase in price.
Manipulation Phase: The pair experienced volatility, with false breakouts and corrections, designed to shake out weak hands and trap traders in the wrong direction.
I expect a retracement to FVG, then bullish reversal!
eurtry bullish Due to the unstable exchange rate of the Turkish national currency, the movements of the EURTRY pair are subject to strong fluctuations both in the short and medium-term. Movements of this trading instrument per day can reach 500-700 points, which significantly exceeds the daily fluctuations of most major pairs. With this in mind, you can successfully trade the EUR/TRY pair, making decent money in a short time.
EURTRY - Inflation Beast is Back EURTRY :
Our first idea/post was on the Epic rebound of the Turkish Lira back in Dec 21st /2021
We had then calculated and prognosed with great precision the levels (rise to 15,7) :
The price has done us the favor then and normalized/consolidated around that level (15,7) :
At this stage, Central bank has kept the lira's rates unchanged (good news because every time they intervene there is panic amongst Turkish citizens and Lira holders) but Inflation is a BEAST out of control:
Turkey’s inflation rate soars to almost 70 percent : www.aljazeera.com
Turkey's role in the Ukraine crisis is something Erdogan can use nicely as long as he can balance between a 'neutral stance' with doors open to Russia and still in Nato' and part of the Western front. If the West wishes to shift him on one side though the Turkish lira might end up under severe pressure again.
Don't forget that there are elections next year and Erdogan is probably not feeling the safest at this moment.
Let's hope everything goes well in the world as well as in Turkey and that Turkey can play a peaceful role in ending the war in Ukraine.
This will be interesting to see.
One Love,
the FXPROFESSOR
EURTRY LongTechnical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Gold Bullish
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking only Buy Signals
Trade Rule 2: Only Buy Signals
Trade Rule 3: Exit only, if a Pullback my Stops hit.
Japanese Shares Rise as US Inflation Eases
The Nikkei 225 Index jumped 0.8% to above 32,200 while the broader Topix Index gained 0.3% to 2,228 on Thursday, rising from one-month lows and tracking a rally on Wall Street overnight as cooler-than-expected US inflation data raised hopes that the Federal Reserve is closer to the end of its tightening cycle. Investors also bought back technology stocks following days of consolidation, with notable gains from SoftBank Group (1.9%), Advantest (1.4%), Socionext (2.8%), Tokyo Electron (0.6%), Z Holdings (2.8%) and Renesas Electronics (2.5%). Other index heavyweights also advanced, including Sony Group (4.5%), Fast Retailing (1%), Daiichi Sankyo (4.5%), Mitsui & Co (1%) and Eisai Co (1.6%).
Australia Inflation Expectations Stable inJuly
NZX Trades Slightly Higher
New Zealand Factory Activity Shrinks to 7-Month Low
Argentina Indicators
Industrial Production 1.1 1.8 percent May/23
Industrial Production Mom 1.2 3.2 percent Apr/23
Capacity Utilization 68.9 67.3 percent Apr/23
Changes in Inventories -20633 20148 ARS Million Mar/23
Car Production 53282 54399 Units May/23
Car Registrations 38.6 33.8 Thousand May/23
Leading Economic Index -0.48 -0.28 percent May/23
Corruption Index 38 38 Points Dec/22
Corruption Rank 94 96 Dec/22
The Turkish lira extended losses to new all-time lows of 26.2 per USD, amid increasing signs of a shift to a more orthodox approach and as the central bank reportedly stopped using its reserves to support the currency. On June 22nd, the central bank of Turkey raised interest rates by 650 bps to 15%, marking a reversal from its previous ultra-loose and unorthodox monetary policy although the move fell short of meeting market expectations for a higher rate of 21%. Few days later, policymakers loosened measures designed to boost the lira, including lowering the securities maintenance ratio to 5% from 10% and the threshold for the share of lira deposits to 57% from 60%.
EURTRY - Early on the Big Short to 26.5To be honest it already feels ridiculous to receive 30 TRY for 1 euro!
It just doesn't feel right, sorry.
This time I will talk no politics, no Erdogan, no West or East (Russia lost although they won so Turkey always goes with the West in the end anyways), no central bank plans etc
This time we talk chart only:
I was expecting maybe stop at 31TRY/1EUR, finally it seems to have taken place
at 30,5
From here i see this price coming back down to stratosphere at 26.5 by end of September this year.
Will then check again and follow developments in Turkey. For now things will stabilize which is good for our Turkish friends.
One Love,
the FxProfessor
EURTRY BULLISH Rises further after Turkish inflation dataTurkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency.
Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also below expectations (38.2% in June vs 39.4% f/c), while consumer prices were slightly below previous month’s figure (June PPI 40.4% vs May 40.7%).
Inflation remains elevated, though significantly below last October’s 85.5%, the highest in over two decades.
Turkish lira fell sharply in June (down over 20% vs US dollar, the biggest monthly fall on a record), following re-election of President Erdogan and despite CBRT’s new leadership and turn towards more orthodox approach to monetary policy, as the central bank already raised interest rates after a cycle of cutting rates last year.
Trend Bullish
EURTRY bULLISHStrategy Bullish
Higher Highs Higher Lows
Retracement (18%)
Price above Quartely VWAP
Price above Decade VWAP
Volatility Bullish
Maket Sentiment 92% Bullish
Yearly Trend Bullish
Quartely Trend Bullish
Monthly Bullish
Daily Bullish
4H Bullish
2H Bullish
1H Bullish
30 min. Bullish
Portfolio Strategy:
Volatility/Risk(Per Trade)
Position Sizing
Risk Management 2: Trailing Stop (Donchian/Turtle Trader)/N(Volatility(Per Day) or (Quarter)*(risk per Trade)
William Jackson, chief emerging markets economist at Capital Economics, also noted that shocks from the El Nino weather pattern could prompt inflation in central and south American regions to cool more slowly than previously expected.
"Latin American central banks are unlikely to look through food price shocks given how strong headline inflation and wage growth in the region still are. So, upside inflation surprises could postpone the upcoming monetary easing cycles, or make them more gradual."
The Mexican peso slipped 0.4% and was set to snap a four-day winning streak, after touching its highest level since early December 2015 on Wednesday.
The MSCI gauge for Latam stocks (.MILA00000PUS) gained 1.3%, led by a 1.4% advance in Brazil's Bovespa
IBOV
.
Foreigners funneled over $22 billion net into emerging market portfolios in June, the largest amount since January, according to data from the Institute of International Finance.
A Guatemalan court ordered the suspension of anti-graft presidential candidate Bernardo Arevalo's political party, threatening his place in a run-off vote and prompting U.S. warnings of a challenge to democracy.
Elsewhere, the International Monetary Fund's executive board has approved an immediate $189 million disbursement to Zambia following its first review of a $1.3 billion loan programme.
Latam FX hits 10-year high on weak dollar as US inflation slows
The index for Latin American currencies touched a 10-year high on Wednesday, led by Brazil's real, as the dollar dwindled after a U.S. inflation reading indicated just one more interest rate hike by the Federal Reserve this year.
The MSCI index for Latam currencies (.MILA00000CUS) jumped 1.6%, hitting its highest level since April 2013.
Most currencies hit multi-year highs against a weakening dollar after June U.S. consumer prices rose at their smallest annual pace in over two years.
Although talks of rate cuts have intensified in Latam of late, bets on the U.S. rate-hiking cycle coming to an end will likely lead to a favorable interest rates differential.
The Mexican peso
USDMXN
jumped 1%, breaking below the psychological barrier of 17 pesos per dollar, touching an eight year high.
Higher crude oil prices also boosted the Mexican peso and top exporter Colombia's peso
USDCOP
by 0.8%.
Copper prices hit 2-1/2-week highs, boosting currencies of main exporters. Chile's peso
USDCLP
added 0.7% and Peru's sol
USDPEN
rose 1.3%, to its highest level since November 2020. Peru's central bank is set to decide on policy rates on Thursday.
Chile's Finance Minister Mario Marcel said the government now expects gross domestic product (GDP) to grow 0.2% in 2023, revising its forecast down from a previous estimate of 0.3%.
The Brazilian real (BRBY)
USDBRL
gained 0.8%, touching a one-week high.
The rapporteur for Brazil's tax reform bill in the Senate, Eduardo Braga, on Tuesday said that he expects the proposal to be voted on in October in the House.
Data showed Brazil's services activity grew by much more than expected in May, paring some losses seen in April despite high interest rates.
"Progress on the structural reform agenda and the (Brazil) government decision to maintain the CPI target at 3% have cleared the way for rate cuts; we expect a 50bps cut on August 2," said Lawrence Brainard, chief EM economist at TS Lombard.
Meanwhile, Argentine polling firms warned of difficulties accurately predicting the upcoming presidential primaries' results due to low turnout and the emergence of surprise candidates, leaving the October election also uncertain.
The MSCI index for Latam stocks (.MILA00000PUS) jumped 2.5%, touching a one-week high, led by a 1.4% advance Brazil's Bovespa
IBOV
.
World's largest meat packer JBS SA
JBSS3
jumped 9% after proposing a New York listing.
Separately, the International Monetary Fund (IMF) approved a $3 billion, nine-month bailout programme for Pakistan.
YEN Oil AUD NZD Asian stocks fall on bad chinese data
China Industrial Output Growth Beats Estimates
The Chinese economy advanced 6.3% yoy in Q2 of 2023, faster than a 4.5% growth in Q1 but missing market estimates of 7.3%. The latest figures were distorted by a low base of comparison last year when Shanghai and other big cities were in strict lockdown. During H1, the economy grew by 5.5%. China has set a GDP growth target of around 5% for this year after the economy expanded by 3% in 2022 and missed the government's target of about 5.5%. Beijing has shown reluctance to launch greater stimulus, especially as local government debt has soared. In June alone, indicators showed a mixed picture: retail sales rose the least in 5 months, industrial output growth grew for the 14th month, and the urban jobless rate was unchanged at 5.2% but youth unemployment hit a new high of 21.3%. Data released earlier showed shipments from China fell the most in three years, as high inflation in key markets and geopolitics hit foreign demand. A Politburo meeting is expected later this month.
Asian Stocks Fall on Weak Chinese Data
Asian equity markets fell on Monday as investors reacted to key data showing China’s economy grew 6.3% in the second quarter, lower than the 7.3% expansion expected by analysts. The Shanghai Composite led the decline, losing more than 1%. The Shenzhen Component, S&P/ASX 200 and Kospi indexes also tumbled. Meanwhile, Japanese markets are closed for a holiday, while Hong Kong markets will likely be closed for the day due to a typhoon.
China Stocks Drop on Weak GDP Data
The Shanghai Composite dropped 1.1% to around 3,200 while the Shenzhen Component lost 0.8% to 10,990 on Monday, giving back gains from last week as investors reacted to key data showing China’s economy grew 6.3% in the second quarter, lower than the 7.3% expansion expected by analysts. Meanwhile, China’s industrial production and fixed asset investments increased more than anticipated, while retail sales missed forecasts. Mainland stocks gained last week amid hopes that a faltering post-pandemic recovery would prompt Beijing to offer more pro-growth policy measures. Commodity-linked and financial stocks led the decline, with notable losses from Yunnan Lincang (-3.5%), Zijin Mining (-1.5%), China Shenhua Energy (-4.5%), ICBC (-6%), Ping An Insurance (-1%) and China Merchants Bank (-1.1%).
EURTRY BULLISHTurkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency.
Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also below expectations (38.2% in June vs 39.4% f/c), while consumer prices were slightly below previous month’s figure (June PPI 40.4% vs May 40.7%).
Inflation remains elevated, though significantly below last October’s 85.5%, the highest in over two decades.
EURTRY LongTechnical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Gold Bullish
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking only Buy Signals
Trade Rule 2: Only Buy Signals
Trade Rule 3: Exit only, if a Pullback my Stops hit.
Japanese Shares Rise as US Inflation Eases
The Nikkei 225 Index jumped 0.8% to above 32,200 while the broader Topix Index gained 0.3% to 2,228 on Thursday, rising from one-month lows and tracking a rally on Wall Street overnight as cooler-than-expected US inflation data raised hopes that the Federal Reserve is closer to the end of its tightening cycle. Investors also bought back technology stocks following days of consolidation, with notable gains from SoftBank Group (1.9%), Advantest (1.4%), Socionext (2.8%), Tokyo Electron (0.6%), Z Holdings (2.8%) and Renesas Electronics (2.5%). Other index heavyweights also advanced, including Sony Group (4.5%), Fast Retailing (1%), Daiichi Sankyo (4.5%), Mitsui & Co (1%) and Eisai Co (1.6%).
Australia Inflation Expectations Stable inJuly
NZX Trades Slightly Higher
New Zealand Factory Activity Shrinks to 7-Month Low
Argentina Indicators
Industrial Production 1.1 1.8 percent May/23
Industrial Production Mom 1.2 3.2 percent Apr/23
Capacity Utilization 68.9 67.3 percent Apr/23
Changes in Inventories -20633 20148 ARS Million Mar/23
Car Production 53282 54399 Units May/23
Car Registrations 38.6 33.8 Thousand May/23
Leading Economic Index -0.48 -0.28 percent May/23
Corruption Index 38 38 Points Dec/22
Corruption Rank 94 96 Dec/22
The Turkish lira extended losses to new all-time lows of 26.2 per USD, amid increasing signs of a shift to a more orthodox approach and as the central bank reportedly stopped using its reserves to support the currency. On June 22nd, the central bank of Turkey raised interest rates by 650 bps to 15%, marking a reversal from its previous ultra-loose and unorthodox monetary policy although the move fell short of meeting market expectations for a higher rate of 21%. Few days later, policymakers loosened measures designed to boost the lira, including lowering the securities maintenance ratio to 5% from 10% and the threshold for the share of lira deposits to 57% from 60%.
One time Hell 🔥 - Two times Paradise 🏝️💼Hello Traders,
I'd like to take a moment to discuss a rather peculiar scenario unfolding in the world of Forex, centered on the Turkish Lira (TRY). It's a tale of two paradises – a seeming conundrum where what seems like a hardship for one can be a fortune for another.
🔥 Hell for Turkish people:
Firstly, let's understand the current state of Turkey's economy. With ongoing economic uncertainty under President Erdogan, it's a trying time for the Turkish population. The economic policies, coupled with steep inflation rates and the devaluation of the Turkish Lira, are causing a significant amount of strife for locals. In other words, it's a tough environment for the average Turkish citizen - a kind of 'economic hell', if you will.
💼 Paradise for Forex Brokers
On the flip side, the very turmoil that's causing despair for the Turkish people is creating a unique set of opportunities for Forex brokers. The Lira's volatility is attracting an increasing number of traders, drawn by the promise of high risk, high reward scenarios. Yet, the Forex market is a fickle beast, and as we see the Lira begin to trade sideways, the profits expected by these traders could be replaced by hefty commission fees, effectively creating a 'broker paradise' of sorts. Not for traders..for brokers!
🏝️ Paradise for Erdogan's Tourist season
The second 'paradise' situation can be found in Turkey's tourism industry. Despite the economic challenges, or rather because of them, Turkey will see a surge in foreign tourists. The weakened Lira makes it an affordable destination for many, boosting the local tourism sector. Cheap currency, while problematic domestically, can be a tourist's paradise, offering them more bang for their buck. Especially for Russians, who currently are treated as 'blocked' citizens for European countries. Erdogan must be very happy with a cheap Lira this summer. he will make his moves towards the end of the summer, trust me on this one.
🛑 Don't trade TRY this period
So what does this mean for us as traders? It serves as a reminder that markets are multifaceted and that the factors influencing them are interwoven in complex ways. Although the TRY might be attractive due to its high volatility, remember that trading in such conditions can be risky. In the short term, we might see the TRY continue to trade sideways, meaning that the cost of trading might outweigh the benefits. I am already out of my TRY Trades for this reason.
Remember, trading is about understanding the dynamics of the market and adapting your strategies accordingly. Stay safe, stay informed, and trade wisely.
Note: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions. Mine is to sit out this summer and go Long on Turkish lira after the tourist season.
👑President Erdogan, you might just be a Forex genius - although I can't say for sure. It still does not look healthy at all 🔥
Good luck and happy trading!
the FXPROFESSOR
EURTRY- Textbook Entries 🏛️📑Some governments (not the people) prefer their currency cheap, it helps with exports.
People choose their government. In this case Erdogan has been re-elected.
A cheaper Turkish lira supports the plan of what I call 'Islamo-Chinaization':
Cheap currency helps bring tourism and business but does not help the Turks study abroad or buy from abroad. China for example likes their currency cheap.
Erdogan focuses on producing and selling (from goods to guns) instead of importing and at the same time turns the country into a 'claustrophobic anti-Western entity' to achieve so. Off course himself and his bankers are only growing stronger assisting Russians with sanctions and keeping 'one leg in NATO and the other in the East'.
Creating an 'enemy or 2' helps the cause. Talking about Ottoman empire, Islam and 'kismet' also helps the 'Supreme Leader's' purpose.... but this sounds more like Iran and North Korea than a 'democratic modern nation'.
These can be dangerous days for the Turkish Lira and the Turkish people.
Will the IMF need to step in?
Will it want to step in?
Will Erdogan accept it?
Or will Qatar, the Russians or anyone else (?)
run to the rescue for their own interest?
Could that be the BRICS? (in any case, there is no such thing as free money)
All these questions will remain un-answered until we know the answer.
For the time being TRY keeps weakening against the USD and EUR.
26,5 TRY to a EUR is a possibility here.
By the way,
my last post was a PERFECT entry and it was the third in a row:
When a country goes into economic problems and it's leader is a revisionist there lies a danger of war. Ukraine is a battlefield nearby where East and West are 're-shaping borders'.
The worst case scenario here would be for Turkey to end up picking a 'camp' and entering a fight, which historically has happened many times in similar situations.
(Look at the last 2 links below....)
“Old men make war, young men fight and die.”
— Winston Churchill
I can only wish Turkish people peace and prosperity and may Erdogan find a balance between reality and economy.
Young people with 'warm blood' should not waste it for 'dangerous political ambitions' but instead should have access to education, opportunities, jobs and prosperous future.
One Love,
The FXPROFESSOR 🌅
Links:
Economic unorthodoxy and culture wars : www.theguardian.com
The West: www.bbc.com
Brics: watcher.guru
Russia and Turkey have a Long history of being friends and then fighting: www.reuters.com
Turkey and Greece tensions ease: greekcitytimes.com
EURTRY PERFECT ENTRIES:
Erdogan win most lucrative trade of EURTRY continuesI'm writing to you today to discuss the recent election results in Turkey and how they have impacted the value of the Turkish lira.
As you may know, President Erdogan's party suffered a significant setback in the recent local elections, which has caused a drop in the value of the Turkish lira. While this news may concern some, it presents a unique opportunity for forex traders like us to invest in the Turkish lira at a lower value. He just won again today!
I encourage you to take advantage of this opportunity and invest in the Turkish lira. With the right strategy and analysis, you could see a significant investment return.
As always, doing your research and making informed decisions regarding forex trading is essential. But with the current situation in Turkey, there's never been a better time to consider investing in the Turkish lira.
Thank you for your time, and happy trading!
EURTRYBig Correction ahead.
Divergence in Rsi with a Rising wedge makes the Perfect combination for a reversel.
Second Round Elections can shake this currency pretty fast..
If the opposition of Erdogan, in this case Kemal, wins the trust can come back and a 20 % corretion can be done very easily andd fast pace.
I am not a Financial Advisor but i would like to go back to Cappadoccia