2Smart2Trade
Short

Usdtry Descending Triangle Short

FX:USDTRY   U.S. Dollar/Turkish New Lira
First Of All Sorry For Posting This Late About This Trade Was Watching it Few Days Back And Forgot About This Trade Due To Work Load

Reasons To Short

1- Descending Triangle Pattern

2- High Volume

3-Moving Averages Gap Shows Volume

4-Major Support Break

5-Candle Close Below The Lows

6- News Is Following The Market

7-Trend Following Pattern Formation

8-Institutional Volume Shorts Seen @ 2.81400 Level Clearly

In The conclusion of this trade i want to say that as this trade is looking good but there is no bearish divergence so trade with care as trend following patterns have less probability then trend reversals.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out