ViktorGali

Scenario: return by means of "Fiffi" theory @ USD/TRY

Short
OANDA:USDTRY   U.S. Dollar / Turkish Lira
USD / TRY is already triple (D1-H4-H1) overbought. If the the first D1 candle close above the north BB, the course probably turn to the middle band. Target price is 7.30000. Technical resistance: 8.50000 (magic number)
The currency pair can turn earlier, if the TCMB make a verbal or non-verbal intervention. Be prepared!

Comments

I think there is no "overbought" in currencies. USD supply is decreasing because of stimulus failure, and USDTRY can only go up.
+1 Reply
ViktorGali Fx-Noobie
@Fx-Noobie, thanks for your opinon! My expectation is the next: 2nd stimulus is coming in next weeks, and TCMB should make an intervention soon.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out