EURTRY - Get the carry below the Cloud, stay with the main trend
Weekly:
- Bearish Ichimoku setup, with both Price and averages below the Kumo. Tenkan and Senkou A point down. Tenkan is below Kijun.
- 3 weeks of pull back within the bearish channel ends in a retest to Kijun Sen, which is an important bearish support. This week's Heiken Ashi candle is still green without lower wick, but with a lot smaller body. This also made a haDelta cross below SMA3. Sign for consolidation or for next possible wave down in line with the developing bearish trend.
Daily:
- Ichimoku setup turned to more neutral from bearish as with the swing up Price reached and is enterring the Kumo.
- 5 days ago we had a bearish Heikin Ashi switch, with the Oscillator and haDelta confirmations. Watch haDelta, which may cross down again below zero line!
- More likely we'll see further selling on this cross, but it will stay in a thick Kumo for a while. Anyway, the target for shorts can be the 2,71-2,72 zone (Kijun Sen and Kumo bottom). If it goes below, then it will go a lot lower, targetting 2,55-2,60 again.
Few things I have to add: TRY is really volatile, and their politics sometimes "strange" a bit. But on the other side you have such a positive carry holding Turkish Lira, that can not be ignored in the recent yield desert!
Follow the trend and get the carry as well!
- Bearish Ichimoku setup, with both Price and averages below the Kumo. Tenkan and Senkou A point down. Tenkan is below Kijun.
- 3 weeks of pull back within the bearish channel ends in a retest to Kijun Sen, which is an important bearish support. This week's Heiken Ashi candle is still green without lower wick, but with a lot smaller body. This also made a haDelta cross below SMA3. Sign for consolidation or for next possible wave down in line with the developing bearish trend.
Daily:
- Ichimoku setup turned to more neutral from bearish as with the swing up Price reached and is enterring the Kumo.
- 5 days ago we had a bearish Heikin Ashi switch, with the Oscillator and haDelta confirmations. Watch haDelta, which may cross down again below zero line!
- More likely we'll see further selling on this cross, but it will stay in a thick Kumo for a while. Anyway, the target for shorts can be the 2,71-2,72 zone (Kijun Sen and Kumo bottom). If it goes below, then it will go a lot lower, targetting 2,55-2,60 again.
Few things I have to add: TRY is really volatile, and their politics sometimes "strange" a bit. But on the other side you have such a positive carry holding Turkish Lira, that can not be ignored in the recent yield desert!
Follow the trend and get the carry as well!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.