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pablo82
19 nov. 2017 19:04

SELL SETUP Short

Euro Fx/Turkish New LiraFXCM

Description

We have possble rising wedge pattern in development.

MACD shows clear sign of divergance.

Wait for a breakout of lower trendline to entry.

I expect that price will close the existing gap after the breakout and downmove.



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Still possibly one more up or breakout.

Every increase makes much better RRR trade if breaks lower trend line.

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Hope guys you are in trade.

We have had finally breakout of structure.

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Contracting flat correction.
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skykhan
It reached 4.72. Do you think that it's shooting and will reverse fast?
VarunGarg
hi, can u update the secnario now after the pair has touched 4.63, what can be expected next plzz !!
pablo82
@VarunGarg,
Hi,

I wait for now.

I only enter if breaks lower trendline. Please note on rare occasions this pattern breaks also to the upside and could also shoot up and reverse fast.
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