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peterbokma
May 11, 2022 2:29 AM

USDTRY-SELL LT Short

U.S. Dollar/Turkish New LiraFXCM

Description

I have not updated much on the pair since it remained very quiet and was looking for higher levels as being a possibility.

The long-term picture is still very much overbought, and yes, it can go higher a bit more. The strategy is therefore selling into the upmove slowly.

Fopr now we sell @ 15.50-15.75 window and add 16.75-17.00 when seen. The over all objective still stands at 10.50-9.00.
Comments
Panadol90
Mate You are dreaming it's going to 22
peterbokma
@Panadol90, am quite a awake, but sure if thats what you think..that makes the market...thanks for the comment...tc
ogihore
This time agreed Peter, thank you! Besides daily swaps are crazy right now! ($20 for a tiny 0.15 lot).
peterbokma
@ogihore, lets see sir... thanks for the comment....tc
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