EURTRY - a case for trend continuation
-Strong trend, would take price into new all time highs
-15 Week continuation cup and handle
-Significant retests of boundary
-Price has since turned down, but is worth watching for an symmetric risk/reward trade
-Very similar pattern forming on GBPTRY worth looking at also
-Looking to establish 100 basis points of risk in two tranches
Also see youtu.be/1-SUKfiYhlw for a fantastic educational video on the cup and handle as a continuation pattern by Akel Kibar, an esteemed classical chartist
-15 Week continuation cup and handle
-Significant retests of boundary
-Price has since turned down, but is worth watching for an symmetric risk/reward trade
-Very similar pattern forming on GBPTRY worth looking at also
-Looking to establish 100 basis points of risk in two tranches
Also see youtu.be/1-SUKfiYhlw for a fantastic educational video on the cup and handle as a continuation pattern by Akel Kibar, an esteemed classical chartist
Nota
*asymmetric risk/reward tradeNota
Stop buy order inNota
Well worth watching a few TRY crossesTrade ativo
Nota
Stop buy order in for an additional 50 basis points of riskNota
Second tranche order filledNota
1st tranche stop @ 4.71292nd tranche stop @ 4.6931
Nota
Stop orders to break even of respective tranchesTrade fechado: objetivo atingido
Closed out second tranche, remaining tranche will implement a 3 day trailing stopNota
Stop @ 4.8396Trade fechado: stop atingido
Trailing stop hit on last tranche @ 4.94895
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.