FXTurkey

USDTRY Correction might take some time

FX:USDTRY   U.S. Dollar / Turkish Lira
After price going haywire to 7.30 levels, now it's correcting.

We're far away from the mean and will take time to get back to the fair price.

We're calculating that this price might be 6.40's.

Like and comment if you find value in our analysis.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.

Comments

I don't think TA matters much - all depends how many dollars central bank is willing to burn to keep lira afloat.
Reply
Thanks.
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