peterbokma

USDTRY-SELL strategy

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FX:USDTRY   美元 / 土耳其里拉
We await until we reach 14.50-14.75 area to start SELL again adding to our medium-term short.

The break above 13.98 will attract higher levels, and the USDRUB weakness will drag the pair higher as well. Strategy is SELL small increments 14.50-14.75 and next 15.50-15.75 and finally 16.50-16.75 if reached.

the monthly chart strongly suggest we will correct back to 10.50 - 9.00.

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