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.

Kommentera:

Held support and Higher Low, let's see how it goes this week, could pump.