EASY BREAKOUT TO PLAY

Updated

Either it continues its crazy bull run that shows up on Daily/Weekly and Monthly Chart, USDTRY is to pullback at some point, a descending triangle setup on 4H & 1H chart is forming. Now it can either be the reversal pattern that will give us the pullback or it will just be the continuation pattern of that crazy bull run. I let you G O O O G L E for the probability but I think it is like like 70/30 but the good thing when trading a break out is that it allow you to have a tight S/L therefore a good RR.
Not financial blah blah...
Trade Safe!!

Trade active

Follow the price with a trailing S/L, watch at the 4.85 resistance. Let that winner run as much as you can.

Trade active

If you played that break out in time, you are now around 5% profit, it seem to be struggling at this 4.75 resistance, I would suggest to at least reduce your position to lock in some profit and tighten your S/L with the rest of the position.

Trade closed: target reached

I won't be monitoring this trade anymore, the price seem to be consolidating at that resistance, giving your next trade a very good S/L for the RR possible.
Trade Safe!!

Note

Changed my mind, SHORT opportunity on this pair, check my new idea on it.

Med_In_Trade

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