As widely expected since last year USDTRY storming higher with TRY cratering. The relentless 6.78 and 7.8 targets are in play again, meaning those who are bearish can continue to twist the knife causing maximum pain to the Lira.
Here we are not discussing pips, rather we are talking about a 30% move in a currency. A macro swing which has been very simple to follow since last December with a lot of meat left on the bone.
Disaster is cooking in Turkey...Best of luck all those in EM FX
Here we are not discussing pips, rather we are talking about a 30% move in a currency. A macro swing which has been very simple to follow since last December with a lot of meat left on the bone.
Disaster is cooking in Turkey...Best of luck all those in EM FX
Comment:
Turkish local banks intervening to stop the Lira bleeding... they will run out of ammunition soon and price will escape the highs
Trade closed: target reached:
🎊🎊🎊🎊🎊
