-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
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*asymmetric risk/reward trade
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Stop buy order in
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Well worth watching a few TRY crosses
Trade active
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Stop buy order in for an additional 50 basis points of risk