USD/TRY Possible Bearish Pennant Formation

See linked idea below with commentary. We got trendline break and consolidation. Bulls appear to be exhausting; also based on bullish pennant forming I would expect to see further push to the downside; trade at your own risk and use proper risk management. This trade is for demonstration and educational purposes.

Comentário:

Height of mast of bearish pennant; measurement of the same after push down to 50% would be about the same..as noted below

Trade fechado manualmente:

Too much bullish activity and momentum gathering.