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DariusAnucauskas
Nov 27, 2017 2:27 PM

USDTRY - Daily - I think it's time for a Turkish coffee break. Short

U.S. DOLLAR / TURKISH LIRAICE

Description

I think the Turks are tired of devaluating its currency. It's US time. Maybe...

So the chart is drawing us a nice steep trend line. Which is just asking to be broken.

Looking for a good SELL if we close below that line on the Daily.
Entry for a SELL approximately at around 3.88500 with a potential move to 3.80.

Looking for a BUY only if we close above 3.95500 with a target of 4.

At the moment, leaning more towards the SELL side.

Be careful and keep an eye on the price action!
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