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Logical_Knight

EUR/TRY - Bullish Setup in a yearly symmetrical triangle

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Euro / Lira Turki (FX:EURTRY)  
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FX:EURTRY   Euro / Lira Turki
Trend Lines Triangle Support and Resistance EUR TRY EUR TRY Monthly Charts Symmetrical Triangle priceaction retracement
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trendline triangle supportandresistance eur try eurtry monthly symmetricaltriangle priceaction retracement
EURTRY

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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.
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