EURTRY - a case for trend continuation

11 mars 2018

-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

11 mars 2018

Note

*asymmetric risk/reward trade

11 mars 2018

Note

Stop buy order in

12 mars 2018

Note

Well worth watching a few TRY crosses

12 mars 2018

Transaction en cours

12 mars 2018

Note

Stop buy order in for an additional 50 basis points of risk

13 mars 2018

Note

Second tranche order filled

14 mars 2018

Note

1st tranche stop @ 4.7129
2nd tranche stop @ 4.6931

16 mars 2018

Note

Stop orders to break even of respective tranches

22 mars 2018

Trade fermée: cible de profit atteinte

Closed out second tranche, remaining tranche will implement a 3 day trailing stop

2 avr. 2018

Note

Stop @ 4.8396

25 avr. 2018

Trade fermée: ordre d’arrêt atteint

Trailing stop hit on last tranche @ 4.94895