peterbokma

USDTRY-SELL strategy

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
Short-term we are overbought again, and yes, it will kind of reflect weakness in RUB and other currencies in the area.

I feel, we may see correction back 14.00, so SELL current levels and take back at 14.00.

medium-term ADD 14.75 and higher levels 15.50-16.50 for a medium term return 10.50-9.00.

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