The uptrend from late last week has been broken. It was actually broken last Friday before the market closed. Hard rejection from a previous and we've also produced a nice head and shoulders pattern. I'm short on EURTRY and will take profit in the 4.96-4.94 area.
Best of luck trading and as always, please comment your opinions below.
Thank you!
Best of luck trading and as always, please comment your opinions below.
Thank you!
Trade active:
A bear flag has now formed on the hourly chart as well. Bearish break eminent in my opinion.
Trade closed manually:
Broke upwards out of triangle. Lira is intrinsically bearish.