peterbokma

USDTRY - SELL - SELL - SELL

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
As far as I am concerned, the level of daily RSI 92+ and a weekly RSI 86+ and further way above BB
clearly suggest keep on remaining short or add to SHORT position at current 10.4400.

The return to 9.2100 and low will happen over-time, and the carry costs are positive as well.

In this type of market, I prefer to sell into small increments and add slowly. Patience will be rewarded,

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