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Euro / Turkish Lira

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EURTRY Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on H4: EURTRY is sitting around strong trendline in brown so we will be looking for trend-following buy setups on lower timeframes. on H1: EURTRY formed a trendline in red. Trigger: Waiting for a momentum candle close above the gray area to buy. and until the buy is activated, this one would be overall bearish and can still dive a little below the brown trendline. As price approaches our upper green supply, we will be looking for sell setups. Good luck!
Long
by TheSignalyst
7
New Turkish Central Bank Governor has come in guns blazingPedal to the metal It looks like the new Governor to the Turkish Central Bank has put his foot on the gas to stop the Turkish Lira from falling. Let's hope he doesn't run out of gas any time soon. I hope so, but looking at the technical picture all he has done this morning is push the rate of the EURTRY back to previous support and back to the mean of the up trend. Selling Gold? How much more Gold will they need to sell to change the trend? And is there any amount of Gold that can change the trend at all. Serious stuff It would be interesting to watch, if it was not for the 80 million Turkish livelihoods that depend on the outcome. This is serious stuff. Best case scenario will be that the trend will turn at the cost of selling some Gold reserves. Worst case scenario is that the trend will continue and that Gold reserves will be depleted. This could lead to massive inflation and poverty. I sincerly hope it doesn't come that far.
by dave25981155
7