lestad
Short

USDTRY LOOKS PROMISING IN THE SHORT SIDE

FX:USDTRY   U.S. Dollar / Turkish Lira
402 3 3
I BELIVE THAT USDTRY             HAS AN EDGE ON THE SHORT SIDE, AND WE MAY SEE A PULLBACK TO THE 1.28-1,29 AREA NEXT WEEK.
IF YOU DECIDE TO TAKE THIS TRADE MAKE SURE TO PUT A STOP ABOVE THE RECENT HIGH OF 1,3450.
Tebrik ederim kardesim
Reply
please remember that I made the analysis on sunday, last week, before the goverment intervention. without the intervention a pullback from 1.32 to 1.28 seemed likely, anyhow, I was not expecting a rally from 1.32 to 1.38 in the same pair on monday as well. after rising to 1.38 region the pair fell back at first to 1.26 on monday after the g'ment announcement of an intervention, and fell more to 1.16 after the actual announcement and interest rate rises. hope this helps.
Reply
where do you see those prices 1,28-1,29? are u sure that you talk about this pair?
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