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mrsceleste
May 20, 2019 5:53 PM

USD/TRY Possible Bearish Pennant Formation Short

USD/TRYOANDA

Description

See linked idea below with commentary. We got trendline break and consolidation. Bulls appear to be exhausting; also based on bullish pennant forming I would expect to see further push to the downside; trade at your own risk and use proper risk management. This trade is for demonstration and educational purposes.

Comment

Height of mast of bearish pennant; measurement of the same after push down to 50% would be about the same..as noted below

Trade closed manually

Too much bullish activity and momentum gathering.
Comments
SpartaBTC
Good job.
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