peterbokma

USDTRY-NEUTRAL to down side

FX:USDTRY   U.S. Dollar / Turkish Lira
No change in view, and this is a daily comment :)

I prefer to look at the medium-term picture, and this suggest we should be selling in a rally.
The pair is good value for SELL @ 15.50-16.50 for the move back towards 10.50 - 9.00.

I would prefer to be some SHORT likely between 14.25-14.90. the daily pickup is good. Of course maintain very low leverage to weather any storm. Sometimes people blame me for their sorrows on trading, whilst they had overtraded. I am always careful in managing that part and so should you.

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