meszaros
Short

USDTRY 2.5% band sideways...

OANDA:USDTRY   U.S. Dollar / Turkish Lira
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USDTRY 2.5% band sideways. The exchange rate may begin to move in a descending speed band. I look forward to building the band within the yellow rectangle . Then I assume a stronger upward movement. The target price can be 6,3300usd. From the bottom of the bar, this is an increase of almost 11.56%. Up to one week short position can be taken from the current level with a target of 5.6812.
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