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Turkish Lira Retracement over the Dollar
A strong pair over the past 12 months definitely looking shaky as far as a potential reversal. Hopefully it final begins to fall back to a comfortable level. It is waiting for some good news like an end to lock down or us election to trigger a more substantial move.
Propulsion Trade - Strong EURO, Weak Lira
Propulsion Trade Strong Euro Weaker Lira Great 0% levels and 50% levels, previous resistance looking like a strong support Moving averages nicely fanned out to top on the 4hr and the daily as well as the 1 hr slowly moving to the top An almost perfect 2XATR pullback Great RRR of 1.92 Looking really great, i usually dont trade exotics due to the high spreads but this looked great to me. Expecting a pullback to the entry soon hopefully, if we do, things are looking good. This is just my trade idea, even though im really confident and this, please do not trade blindly if it doesnt meet your trading rules/strategy Trade Safe! Have a nice day ahead!
EUR/TRY Weekly 8EMA Gap close
Looking to take a short in the above pair. Weekly 8EMA gap close trade. - 4H BCR of the 50 EMA - 1H BCR of the 50 & 200 EMA - also a death cross forming on the one hour. - POLR onside TP just before 4H200/Weekly 8EMA gap close, SL above retest highs. Risk/Reward - 2/1 *** Wait for market open, 3 bearish candles in 4H chart to show continuation and the sniper system to come onside on 2 time frames.
BUY OPPORTUNITY - SWING Entry - TBC Stop - Below daily low Target - Double top Risk / Reward - Approx 1.4/1 Daily BCR of 50 EMA Followed by 3 high momentum candles (2 dojis now but both closed ABOVE 8EMA) POLR still to the upside Squeeze release MACD Crossover confirmed H4 BCR of 200EMA confirmed BCR of Supply and Demand zone confirmed Followed by 3 high momentum candles (3-candle rule) Squeeze release Volume onside 50% fib pullback to 200EMA/S+D zone too 1H BCR confirmed of 200EMA Weiswave Volume onside MACD crossover confirmed Squeeze onside WAITING FOR: MACD crossover on 4H chart I'll comment if/when I take this trade. This is an exotic pair, CHECK YOUR SPREADS. Expect to be in this trade longer than a week. #DontFollowBlindly
lovely BCR. on 4hr] Daily 8 ema gap closure room for massive TP take a look and tell me what you think!!!
EURTRY - Ignore Entry Level Daily Chart - Price has retraced to the 7.38153 level and if you use Fib levels that's around the 50% point. 4H Chart - Price has bounced up from 7.38153 and is looking to break through the 4H200EMA. 1H Chart - Price is extended from the 8EMA. What do we need to take this trade: (1) 1H 8EMA gap to be closed, (2) Sniper criteria to be onside with the indicators. TP1 will be the next level of resistance at 7.57877, and TP2 (longer term) will be the previous high on the daily before the pullback. Stop loss to suit. Please note that this is my interpretation of the charts and should not be followed blindly. Good luck and trade safe.
Long term swing buy on EURTRY since intermediate trend is up with continuation confirmation this should head up today. good luck and happy trading
from the weekly diagram i can see an overbought point right now that is just about to turn. lately the price seems to respect the EMA's and stay close to them the sellers also are almost gone as we can see in the last indicator, it's time for them to come back on the daily we had 3 shooting stars continuslly showing some rejection at that certain point stocastic just crossed its ema and its signal line at the same time waddar adar says to exit any long positions (that does not mean to open shorts on that indi ofc) and the last indi show that the byghers are loosing momentum and the sellers have reached bottom, it;s time to come back volume is there also on all timeframes, i believe its a good entry. 4h TF i just about to show us a clear cut short entry 2500 pips to win 400 pips to loose at a price of 1.5€ per lot per pip. risk:reward 1:6 good luck
Look to buy eurtry as it had touched the triple donchian to the up side and has broken above most recent candle look to go to break even after ten pips and a stoploss of two atr. Good luck and happy tarding. This is on the daily time frame so dicipline and patientce required.
Look to buy EURTRY as it is going up on daily chart and the indicator at the bottom has crossed the line wich indicates an upward bias. Good luck and happy trading
Turkish Lira stabilized due to Erdogan‘s visit to Berlin but will fall dramatically again till end of Oct imho because of 1. new inflation maximum, 2. massive bankruptcy cases for turkish companies due to high foreign debts and 3. new Intanbul airport is 100% safe to miss October time schedule
Look to buy EURTRY as it has a bullish bias band are pointing up and has bounced of the grey bands indicating i should go up to upper red bands. good luck and happy trading.
Uptrend with pull back to the 8ema on the weekly chart and inverted hammer candle sl daily close below swing low at 4.4928 tp is Fibonacci extension of 61.8 at 4.90
EXTENDED UPPER TREND ADJUST YOUR TP TO HIGH STOPLOSS:3.990408
Im kind of an exotic guy sometimes. I trade this pair a lot and have been waiting for the double top since Friday. May push a bit more up but I opened first position just before the drop and will add if it starts to go more down. Lots to the downside on this.. good RR. 3.9400 is first TP for me.
I had a great sell off this pair a few weeks ago and caught 500 pips or so.. could have gotten 3 times that if I stayed din longer. The pair bounced back and rallied last week. It has finally lost some momentum and has double topped nice on 1H chart.. Daily also looks very good sign to short.. My SL is tight. Risk Reward is very good, I see this dropping again to test the 50% fib line again... good luck! This could be a week long trade maybe more...
I sold this yesterday made 100+ pips it has retraced and I shorted it at 4.050... this could see a big pullback more down.. maybe set a trailing SL SL just above the 61.8% retrace.. set a 20 pip trailing stop TP: as low as 3.800