TURKISH LIRA Forecast: Great short trade! Short

FX:USDTRY240

U.S. Dollar/Turkish New LiraFXCM

Beschreibung

⋅ 17. Apr. 2019 07:45

Market sentiment:

Bullish trend
Market is approaching significant resistance
Weakening bullish momentum
RSI overbought + divergence
Head and shoulders pattern formation

Wait and sell breakout of the neckline.
Targets are based on structure!

Please, check my signature!

Kommentar

⋅ 17. Apr. 2019 11:56

the market still didnt break a neckline, so the order is not active!

Kommentar

⋅ 17. Apr. 2019 13:36

breakout

Kommentar

⋅ 18. Apr. 2019 05:01

Market respects the support

Order storniert

⋅ 18. Apr. 2019 12:13

Kommentare

CryptoEngineering

⋅ 24. Apr. 2019 18:24

burakpadir

⋅ 18. Apr. 2019 11:59

patterns on exotic pairs can be misleading.

VasilyTrader

⋅ 18. Apr. 2019 12:13

@burakpadir, why was it misleading??? there was no breakout, so no signal to sell. If you know how to read patterns they work on each and every market.

burakpadir

⋅ 18. Apr. 2019 12:21

@VasilyPonomarev, it broke out yesterday then you wrote sell the breakdown, not wait for retest to neckline. anyway i was longing it on ma200. i'm glad that you didn't take that trade.

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