-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
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*asymmetric risk/reward trade
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Stop buy order in
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Well worth watching a few TRY crosses
Trade ist aktiv
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Stop buy order in for an additional 50 basis points of risk
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Second tranche order filled
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1st tranche stop @ 4.7129
2nd tranche stop @ 4.6931
2nd tranche stop @ 4.6931
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Stop orders to break even of respective tranches
Trade geschlossen: Ziel wurde erreicht:
Closed out second tranche, remaining tranche will implement a 3 day trailing stop
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Stop @ 4.8396
Trade geschlossen: Stop wurde erreicht:
Trailing stop hit on last tranche @ 4.94895