EURTRY trade ideas
EURTRY 7.10 is accepted as a resistancePrice has been trying to break 7.10 level and fail since last week.
If Euro weakens EURTRY will the first pair going down hard. We'll try to capture this potential 900 pips to 6.96 level
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Good luck
NOTES:
- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.
Best Regards.
EURTRY - DAILY TECHNICAL ANALYSIS - FOREX - EUR TRY EURTRY has seen a very long and very nice up trend. Not long ago we saw some break down in that up trend. As I see it, price action looks to give a 'failure to continue trend' signal as it attempted a short up trend here recently. Red line was the optimal entry, I doubt we will see that level again but we may and in my opinion its still not too late to find a short position. If I were short I would take profits at lines bellow entry with stop at previous high.
Clearly not financial advice.
Long on clear break above triangle pattern.
In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in any direction , follow your trading plan .
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