EURTRY - a case for trend continuation

Mar 11, 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

Mar 11, 2018

Note

*asymmetric risk/reward trade

Mar 11, 2018

Note

Stop buy order in

Mar 12, 2018

Note

Well worth watching a few TRY crosses

Mar 12, 2018

Trade active

Mar 12, 2018

Note

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

Mar 13, 2018

Note

Second tranche order filled

Mar 14, 2018

Note

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

Mar 16, 2018

Note

Stop orders to break even of respective tranches

Mar 22, 2018

Trade closed: target reached

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

Apr 2, 2018

Note

Stop @ 4.8396

Apr 25, 2018

Trade closed: stop reached

Trailing stop hit on last tranche @ 4.94895