VulcanoRosso

(Emerging Markets) USDTRY Outlook 2021 And Beyond

Long
FX:USDTRY   U.S. Dollar / Turkish Lira
TRY can get even weaker through mid 2021.
strong recovery possible following it , especially after 2021.
Trade active:
Trade active:
Trade active:
Comment: uncertainty. it can either drop all the way back to the bottom then reverse up again from that lows , or continue to go up from current level.
Comment:
Comment: its still consolidating over 8.00 , it can revisit the lows before going for the big run over 9.00-10.00 .
waiting for confirmations.
Comment: previous consolidation brokeup and hit ~8.50.
now it's forming another flag there.
Comment:
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