dr.orientem

USD/TRY Overbought

Short
dr.orientem Updated   
FX_IDC:USDTRY   U.S. Dollar / Turkish Lira
There is no free money. There should be correction after parabolic move. Overbought at all timeframes.

Target 5 stop-loss 6.1
Trade closed: stop reached
Comment:
Donald J. Trump @realDonaldTrump

"I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!"

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