USDTRY LONG!!
Beautiful Chart.
Please note that by tradition a descending triangle is bearish. Wrong, the context (point in chart) should never be overlooked. In that, if it's at a top it should be traded with extreme prejudice for going short and at bottom of a trend the opposite. Furthermore, even at bottom sometimes they fail.
Now this chart is showing strength with the quad bottom setup having bounced off this support area 3 other times this should be four.. Please see candle stick prediction (hot pink)
Please note that by tradition a descending triangle is bearish. Wrong, the context (point in chart) should never be overlooked. In that, if it's at a top it should be traded with extreme prejudice for going short and at bottom of a trend the opposite. Furthermore, even at bottom sometimes they fail.
Now this chart is showing strength with the quad bottom setup having bounced off this support area 3 other times this should be four.. Please see candle stick prediction (hot pink)
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