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meszaros
Apr 16, 2019 11:01 AM

USDTRY 2.5% band sideways... Short

USD/TRYOANDA

Description

USDTRY 2.5% band sideways. The exchange rate may begin to move in a descending speed band. I look forward to building the band within the yellow rectangle. Then I assume a stronger upward movement. The target price can be 6,3300usd. From the bottom of the bar, this is an increase of almost 11.56%. Up to one week short position can be taken from the current level with a target of 5.6812.
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