EUR TRY
EURTRY to continue DOWN!Downward trend, deviation from downward moving average, and retraced to trendline. The euro will continue to fall.
EURTY Long trade short termHello everyone,
We have a bullish trade on this pair (short term). Also the price is going up in a channel which bring me to SL point, the Sl would be below the X or when the price confirms the breakout to the downside. The targets are highlighted on the chart.
Let's see and Good Luck
Hang in there holders of Turkish LiraAs you can see by my chart, every time the price has hit the top of the linear regression, and 0.04 on the MACD, the price has reversed back down again with the CCI, DeMarker and Stoch RSI gradually falling back into their respective channels. Without consideration of any further shocks to the market, I think that political instability, the conflict in the south and east, I believe these factors have already been built into the price. I dont' believe the price will fall back down in the next few days, but probably drift lower over the coming weeks with the price potentially hitting 3.20.
The overnight will hopefully make baring this loss a little more bearable and a small short at the top of the resistance line should be considered to mitigate open losing positions.
EURTRY : Wolfe Wave PatternEURTRY formed a Wolfe Wave pattern, I entered short at current levels with SL above 3.13 .
6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high .
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade
EURTRY 26/05/2014 tosbaa200days support area.. under 2.83 target can be 2.66 but for me it is not possible..
Here is can be good area for long positions. Targets are 2.89 - 2.91.. max in one week
