EURTRY bullish Gartley patternHi guys,
EURTRY has a potential Gartley pattern formation forming. The potential reversal zone is around 3.8170, so watch for a buy setup around this level.
Regards,
Tom_Killick
EURTRY trade ideas
EUR / TRY - Politics to remain on the spotlightSince late January, the Central Bank of the Republic of Turkey has produced consistent efforts to stabilize the currency. This has produced tangible results with a upward correction although persistent political tensions. Erdogan's referendum victory is likely to be the most market-friendly option. A "No" scenario may lead to early elections and a period of political uncertainty.
EURTRY Strong BULLISH ENGULFING bar it is good to buy above yesterday high 3.9310 with stop loss below 3.8775 target at 4.1000
( Swing trade )
EURTRY We should trade in two ways long and short only to have a greater profit and a safer analysis with a strategy!. A wonderful week for next week
Lets TRY Waiting for this head and shoulders to completed. If we go below 50% i want to get involved..Let hope price will show us the way
Back To SupportI'm back with the EURTRY to do a add-to-position. If you have followed me on the EURTRY, it's an idea to consider an increase of position. Just a moment ago, disappointing quarterly jobless average (dec) figures came out of Turkey. With the EU going somewhat stronger, I trust this one over the next week to continue upwards. Be aware that EU is in a strange place after several EU countries is banning Turkey. Also with Holland having election today, and soon France and eventually Germany. In that light, I have a fairly large SL on EURTRY. Don't necessarily do the same, unless you are comfortable with it.
EURTRY Long ABCD pattern 4HThe price is moving in an upward channel, it is currently at a level of resistance, where it opened with a gap on sunday night, and is half-way through the last leg of the AB=CD pattern within the channel.
ANOTHER LOW FOR EURTRYThis pair had a huge drop and finally bounced back.. since then has double topped and is looking to head back down maybe to test the last low of 3.7641. That is my target but I will monitor it if I have to close early.
SL: 3.9750
TP: 3.7640
EURTRY 4H Shark Cypher BearishEURTRY 4H Shark Cypher Bearish
Support: 3.89000 - 3.85000
This is not investment advice
Rest For A BitThis is, without doubt a long position for the long term. Diving into macro economy of TRY, it's not looking good, compared to EU. Currently I will wait and see if it's going to take a breather, before I jump in for the long run. Worth keeping an eye on.
EURTRY get ready to short this weekAlready broke past 618 Fibline and appears to swing up to resistance at 3.93
