Dear followers, most of you know that we are only entering short positions, since 5.80's. We are having great profits with %100 accurancy.
Now it is time to expand my analysis, combining my previous analysis. Now there is about 2 months for the elections. And before the elections, price will be around 4.60 level. That is approved by techical indicators and calculations.
My idea about that price is also supoorted by the fundementals.4.60 is the price before the previous elections. Now the main target of the current economy governers is revaluating the TL. That will help the Turkish economy to achive the target inflation rates.
So i know that there are lots of people those have opened long positions between 6 and 7 levels. They are thinking that prices will soon reach that level again. But that is just an emotinal expectation. And sticking to your emotions will make you realize more loss, both about swap costs, and exchange rate.
And i am warning again, if you are still holding long position, just close them all, and open short position. You can take your profit at 4.60's and also enjoy the swap income.
After the elections we will see if it will go lower or start a new trend.
Now it is time to expand my analysis, combining my previous analysis. Now there is about 2 months for the elections. And before the elections, price will be around 4.60 level. That is approved by techical indicators and calculations.
My idea about that price is also supoorted by the fundementals.4.60 is the price before the previous elections. Now the main target of the current economy governers is revaluating the TL. That will help the Turkish economy to achive the target inflation rates.
So i know that there are lots of people those have opened long positions between 6 and 7 levels. They are thinking that prices will soon reach that level again. But that is just an emotinal expectation. And sticking to your emotions will make you realize more loss, both about swap costs, and exchange rate.
And i am warning again, if you are still holding long position, just close them all, and open short position. You can take your profit at 4.60's and also enjoy the swap income.
After the elections we will see if it will go lower or start a new trend.