peterbokma

USDTY (Turkish Lira) - SELL strategy

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
I cannot change mind on this currency pair, and remain SELL SELL strategy.

In fact, I do not see a stop-loss being useful, since we have enough parameters that are suggesting we will correct sooner than later:

RSI for weekly and daily chart are very high. Secondly we are above BB band as well.

The moving average have not crossed negative as yet.

If one placed stop-loss, I assume somewhere 10.50 for now. Profit should be 9.2200 below and 8.37 medium-term.

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