To be honest it already feels ridiculous to receive 30 TRY for 1 euro! It just doesn't feel right, sorry.
This time I will talk no politics, no Erdogan, no West or East (Russia lost although they won so Turkey always goes with the West in the end anyways), no central bank plans etc
This time we talk chart only:
I was expecting maybe stop at 31TRY/1EUR, finally it seems to have taken place at 30,5
From here i see this price coming back down to stratosphere at 26.5 by end of September this year.
Will then check again and follow developments in Turkey. For now things will stabilize which is good for our Turkish friends.
Bro what will happen next in the short term i mean 1/2 weeks
Tolberti
⋅
Very nice! Keep posting.
linofx1
⋅
Nice one
Tsusanj
⋅
There was a resistance above around 30 as you havve previously mentioned. It seems to act as a resistance for now. I will consider your idea as always. How do you think the reaction of TRY will be when it comes to dollar?
FX_Professor
⋅
@Tsusanj, the same as to eur.. but i prefer eur pair tbh
FirstNameHelen
⋅
Nice summary, thanks dear friend
LegionQ8
⋅
awesome EURTRY idea mate, thanks for sharing
TheFxAce
⋅
You've done a detailed analysis on this bearish idea. Have you thought about using algorithmic trading?
FX_Professor
⋅
@TheFxAce, I am into that very deeply recently but in crypto.. have been working on something really cool for months.. and it's almost ready
Solldy
⋅
The information is detailed and quite concise. Thank you for the idea! It would be interesting to know the complete list of tools you use in your analysis.