rludvik

EURTRY - short with capital S [demo account trading]

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FOREXCOM:EURTRY   Euro / Nova Lira Turca
My demo account will probably expired by then, but let me chart this anyway. TRY is having a bad time. 6th day closed bellow 200 EMA on daily chart is not a good sign. I expect it to visit at least 1.618 Fib extension from ATH (that's where T1 is located), have some correction to upside, and continue towards 200 EMA on weekly chart (see image bellow). Next stop would be Fib extension at 2. And then who knows :)

Weekly chart:

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
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