The 2 days ago was probably one of the best trade I've ever traded and called out. With Turkey has such a huge systematic risk, TUR also got sold off on Friday. While, it's going to 2 weekly bullish harmonic patterns combination D point spot. the most reasonable answer to the understanding of these 2 patterns is "Not inclined to chase the short below 20.00"
If being super risk lover, looking for DAILY reversal sign to try some long may worth the risk, but if you won't define yourself a super risk lover, even though being bearish on it, wait for price above 26 to sell high is a much better idea to chase the short now.
Let's see how it goes!
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Nice little drop base rally right here at the D point yo!
This is a non-hedged fund so bet on TUR only if you're expecting the lira to bounce.
Trader_Joe_Lee
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@hungry_hippo, That's important, thanks for sharing!
hungry_hippo
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@Trader_Joe_Lee, I've been using TUR puts to bet against the lira, it's been my most profitable trades ever. BIST movement is small compared to the currency devaluation. See my comments on the previous posts.