Trade Setup: EUR/TRY – 7 Oct 2016

Candle Stick Pattern: Evening Star at (1). Confirmation: Touched outer band of Bollinger Band at (1). Stochastic overbought range at (2). Signal: SELL Entry Point: 3.3965 SL: 3.4428 (Highest high of 3 bars of the evening star pattern) TP: 3.3338 (Recent support level at (3)) [UPDATE 1 – 14 Oct, 2016] Trade closed in Break-even.