Stock

EURTRY! short idea

FX:EURTRY   Euro Fx/Turkish New Lira
134 6 0
No further analysis needed here. I just go short! This is no recommendation and you need to be careful, because of the political current news flow ...
I did take out some profit already, but the big position is still in. I guess the correction will continue. BTW the TRY brings money every day, because of the high interest rate. So I do have time.
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Nevertheless, one have to be reluctant. It has been a political inspired spike. But this may result in a medium term instable situation in Turkey. If the Erdogan government will not stabilize then this may produce an even much weaker Lira.
So be on the alert and wait for clear signs. Don't fight the market.
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motleifaul motleifaul
Well, if you had handled this perfectly, you would be out with profit now.
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ForceFollower motleifaul
It was crazy. Someone must have gotten very rich on this ride & slide and also probably someone lost big...
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@3.0116
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