Hello traders,
the readings on RSI and ATR, as well as the angle of the current hyperbolic move, make for difficult incentives for
holding a long trade on EUR/TRY: therefore, I closed my trade about 50% through the profit target and made a healthy
catch (over 26k).
In this video the key points discussed are:
- ATR divergence/waning (multi-timeframe analysis);
- RSI poss. divergence and also extreme reading (90+) in monthly/weekly;
- angle of hyperbolic rise starting to shape toward a vertical, strikingly similar to that of the 2018 move;
- extreme oversold reading in the MSCI Turkey ETF iShares and fading sell volume after historic lows warns of Lira-short exhaustion.
I also share a news source that is fundamental for Turkish Lira traders - watch the video to the end (no sales, it is a public resource)!
Thanks.
Stay safe
Happy trading
Francesco/FreeFX
the readings on RSI and ATR, as well as the angle of the current hyperbolic move, make for difficult incentives for
holding a long trade on EUR/TRY: therefore, I closed my trade about 50% through the profit target and made a healthy
catch (over 26k).
In this video the key points discussed are:
- ATR divergence/waning (multi-timeframe analysis);
- RSI poss. divergence and also extreme reading (90+) in monthly/weekly;
- angle of hyperbolic rise starting to shape toward a vertical, strikingly similar to that of the 2018 move;
- extreme oversold reading in the MSCI Turkey ETF iShares and fading sell volume after historic lows warns of Lira-short exhaustion.
I also share a news source that is fundamental for Turkish Lira traders - watch the video to the end (no sales, it is a public resource)!
Thanks.
Stay safe
Happy trading
Francesco/FreeFX