There is a potential to trade a downside breakout of the consolidation (lira continues to increase) into wedge/triangle support.
The price target is the rising trendline on both the USD/TRY (near 5.75) and EUR/TRY (just above 6.4). A stop loss goes above the consolidation.
The reward:risk is 1.25:1 to 1.5:1, but over a week or two the rollover would add to the potential profit.
The Turkish lira interest rate is 11.25%. The US rate is 1.75% and the EUR rate is 0%. The short trade picks up the interest rate differential. A long trade pays the interest rate differential. I am not interested in the long, only the short, if it materializes.