peterbokma

USDTRY-Long Term SELL

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
No change in view, and I believe the pair might have its dramatic correction after the election results May 14th, if not mistaken.
The technical picture is extremely overbought, and we do need a solid correction moving towards 12.50-15.00 at least before we resume upwards again.

Strategy is remain SHORT at various levels, and take profit @ 15.25 and next @ 13.50.


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