EUR/TRY - Bullish Setup in a yearly symmetrical triangle

Updated
EURTRY

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Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The price did a false breakout just yesterday and then re-entered in the symmetrical pattern (11 months old) with a long 4H candlestick.
In my opinion the plan is to wait a retracement on the lower base of the triangle and wait for an engulfing or pin bar pattern, just to have a confirmation of the bullish pressure.
Trade closed: target reached
EUREUR TRYMonthly ChartspriceactionretracementSupport and ResistanceSymmetrical TriangleTrend LinesTriangleTRY

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