DariusAnucauskas
Short

USDTRY - Daily - I think it's time for a Turkish coffee break.

FX_IDC:USDTRY   U.S. Dollar / Turkish Lira
I think the Turks are tired of devaluating its currency. It's US time. Maybe...

So the chart is drawing us a nice steep trend line . Which is just asking to be broken.

Looking for a good SELL if we close below that line on the Daily.
Entry for a SELL approximately at around 3.88500 with a potential move to 3.80.

Looking for a BUY only if we close above 3.95500 with a target of 4.

At the moment, leaning more towards the SELL side.

Be careful and keep an eye on the price action!

Comments

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