Exotic Pairs (EURTRY, USDRUB, MXNJPY...)

EURTRY 4HR close on resistance level below trend line - possible good long entry long term (2 weeks) as long as it stays within the FIB zone.

Added buy order here.

lol moved about 200 pips in just 2 mins, this pair is getting insane.
eatpips where did u put stop/loss may i ask coz i am long from there aswell

I don't use SLs on these pairs. Unless its a high RR trade.

i think of 2,98 hope it holds.

The fact that it went below my LT 4HR trend line and bounced off my support line to the pip back into the zone is a strong move for me.

I'll be holding these trades for a few weeks at least.

seems like s&p changed Turkeys note to negative. that was the reason of move.

i will think of holding them aswell my first targets are 3,08500-3,0900 which are my monthly and weekly pivots, if they pass fast i hold to 3.1200 area

I've got 3 targets, all long term:

3.18
3.25
3.27

dunno why but at xe.com i see eur/try at 2,9880 and usd/tl at 2,1950 hope the wont make a gap open at those areas

lol now it is 3.0240 hehe

Anyone have a clue what the USDTRY will do this week? I don't understand what changed and why its been going down this past week. The currency is very weak, the political situation is in shambles, and the investor confidence is at an all time low. CRAZY MARKETS!

Hi everyone,

I'm new in Forex Factory. I see interesting wisdom here every day. I'm interested in USD/RUB, but so far it looks like it's only up and up, I follow Russian Finance Ministry announcements, recently they spoke about bringing rouble down, however I don't get the impression that RUB is a free float currency, historically it seems intervention after intervention, but it's still climbing. They have very messy economic situation though, so RUB should depreciate even more. Just wanted to know your take on this, where we could see the top? Feel free to post Thanks.

This SOB, has been ranging for months. I reckon it will go higher than my TP, but sticking to the plan.
Pictures should say it all..

Daily chart first, then h4.

Edit: I know it's not on the list, but it's almost as exotic as it gets.

Dear God please let the USDTRY break 2.25. PLEASE!

for try watch turkeys stock market, if it breaks 62000-60000 area to downside pairs will go up.

Thanks so much. Do you know where I can find a live quote, not 15min delayed?

I found this live BIST100 quote. http://tr.investing.com/indices/ise-100

yes i follow from there aswell, also be careful sp lowered our position in Turkey to negativ, we made agreement with fitch if fitch also lowers Turkey note pairs may go up very fast.

EURTRY: If 3.02 holds then its 3.07 next. Im building my longs on each pull back now targeting the 3.20s+

I'm curious why you chose EURTRY over USDTRY. The pip values are the same, but the margin is higher for EURTRY and the spread is larger, and the liquidity is lower.