Because I am deep underwater. Put on more risk than I originally intended too. Got my stop placed at $5.973 right now. After that I am out
I entered too early. But fuckit. Still making a lot of money this week
Risking 2% of my portfolio
Judas swing - low of the week being formed on Tuesday London open I should put more money into this trade.. its perfect $$$
Finish downtrend, low of the week around ~tuesday, retrace to 6.28, then the pastor is freed so lira can go below 5.5
Next week = uptrending, low of the week will be around tuesday If next week is uptrending, the week after that pastor will be released on the 11th of October
Which is a bit weird because there are a lot of sell stops below
Western media is doing everything to get lira below $5.5 so (((they))) can stock up on longs and then destroy the lira pushing it above $7.1 -Central bank increasing interest rates, Turkey trying to regain investor confidence, talks about pastor A lot of money to be made on this conflict. Short the retrace, and long below 5.5
Symmetrical triangle usually forms during a trend as a continuation pattern. so there is a higher chance of breaking out to the DOWNSIDE
It looks like all 5 waves are in place within a triangular consolidation mapped earlier (see related). The structure was completed faster than expected. Another drop of lira is ahead to hit the minimum target above the 7 handle.
=> The most recent rally failed to test the highs and implies that we are set for some period of corrective activity. => Bulls are taking profits as the momentum runs out of steam and this will provide the catalyst for the break of 5.9744. A close below here would then unlock the 38.2 fib levels next. => Similarly to our USDRUB and USDINR ideas, EM currencies are...
Turkey Lira find bottom against US Dollar now? President Erdogan doing everything to hold up the economy bully from US Government under Trump administrations. I think If this effort holds up we're praying that their country getting better, because their role is quite significant in Middle-East countries for muslim community all over the world. Turkey will be one...
Lira could drop after finishing triangular correction to hit at least the earlier top at the 7.08