EURTRL-Breakout TradeLet's see if this exotic pair can breakout to the downside.Potentially a 3:1 risk ratio trade!
EURTRY trade ideas
Bullish breakout for EUR/TRY.Hi traders,
wanted to share with you my chart Analysis. The whole first week of February saw EUR/TRY in a down trend, creating a triangle where at the base we have an area of confluence with the trendline formed in the begining of the year (9th of Jan). Week wise and day wise pair is in a long uptrend.
At the beginning of a Friday session (Europe) we saw tweezers bottom/chopsticks candle pattern (on 30min chart) at the area of confluence giving a clear signal of a change in direction of the trend,eating all the shorts on the way - resulting in catapulting of the price up with a text book example of a bullish breakout.
Perfectly following the description of a bullish breakout out of a triangle, price ascended the same amount as the height of the triangle. Price then pulled back to the broken trendline that became the support.
I closed my longs on top of the chart, and will initiate longs for the following weeks, with a good entry. In my opinion we have a begining of a longer term uptrend.
Thank you for reading.
Lukas
Short expected with rejection and close below cloudPossible triangle pattern in 4hr , we can also see possible rejection and candle closing below ichimoku cloud resistance suggests that price may move lower , stay short till price remain capped by descending trendline..
#EURTRY [H4C] An Uptrend to Develop...SAXO:EURTRY
Take in consideration the new monthly retest.
Follow for more setups...
#AHMEDMESBAH
Analysis on EURTRY 22.01.2020The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 6.6000
• Take Profit Level: 6.6500 (500 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 6.5500
• Take Profit Level: 6.5200 (300 pips)
EUR/TRYThis move looks too good to be true. But what I am testing here is the power this Pair has against this bullish EUR.
EURTRY - 240 - A bit of room for some downsideQuick idea.
EURTRY is near its key support, which if breaks, it may clear the path towards the medium-term tentative upside support line. We will consider the downside only if we see a drop below roughly the 6.5057 level.
For now we remain neutral and continue observing the price action.
Please see the chart for levels and targets.
Don't forget your stop-loss.
Watch for downside consolidation breakout in EURTRY and USDTRYThere is a potential to trade a downside breakout of the consolidation (lira continues to increase) into wedge/triangle support.
The price target is the rising trendline on both the USD/TRY (near 5.75) and EUR/TRY (just above 6.4). A stop loss goes above the consolidation.
The reward:risk is 1.25:1 to 1.5:1, but over a week or two the rollover would add to the potential profit.
The Turkish lira interest rate is 11.25%. The US rate is 1.75% and the EUR rate is 0%. The short trade picks up the interest rate differential. A long trade pays the interest rate differential. I am not interested in the long, only the short, if it materializes.
EUR/TRY needs to buy fuel from lower pricesThe main trend is a very strong upwards however it's time to take some fuel from lower levels.
Entry: 6.593
Stop: 6.63
Target: 6.52
Have a good week.
EUR/TRY trend turning upwardSuddenly, the Turkish lira is experiencing accelerating weakness. EUR/TRY, for example, has been spinning higher lows and higher highs include this week's fresh breakout. These runs usually continue until some dramatic flourish with the Turkish lira losing a LOT within minutes. I won't be surprised to see a 10%+ move in the coming weeks. Note that those climactic moves are often fadeable.
EURTRY 6 DEC 2019 SHORTHello everyone i see bearish trend on EURTRY
Happy trading to all!
tp 6.37430
EURTRY Daily Bullish Block - November 20, 2019- Momentum is slowing on EURTRY
- Block previously created, with equal lows being broken.
- Waiting on break out, retest then will trade to previous high.
- This may or may not happened, EURTRY is a volatile pair.
x19.EURTRYBeta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated. Sample Alphas are on other side for organised ideas.
down trendEUR TKY
on the Daily charts are showing a Bullish move to meet institutional candle
to later follow up with a bearish move taking out all stop losses 'stop Hunt'
back to follow the original downward trend.
Long then shortBuy after a local lower low at m15, until price completes the impulse in the wave C of a flat.
Then I would assume a reversal and the move similar (at least to the one on the left side of the structure)
