olly_price
Short

USDTRY short on bearish divergence

FX_IDC:USDTRY   US DOLLAR / TURKISH LIRA
Bearish divergence on the RSI , indicating a possible short opportunity. This is strong divergence as we are still in the overbought region.

Seen a strong rally in the USDTRY             recently over the political uncertainty in Turkey. We are seeing a consolidation at the top as the market gains some relief over the strength of the rally. This is a way to play that consolidation.
Good one...conrats.
+1 Reply
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