There is no guarantee there will be a pull back, but if there is, it can be the biggest USDTRY investment opportunity of 2017-2018. Heiken ashi (Daily chart) indicates that there may be a reversal, but we will have to wait an see how the pair acts next week.
I believe November-December will be big for USD. For me, the only question is if it will present a good...
Not interested in holding any short positions. There is also a chance it can plummet to the blue support line in the bottom, but I highly doubt it could fall below that. Also, I think there's a good chance the pair will rise above 4.00 to maybe 4.40-4.50 by the end of 2017; we'll have to wait and see what happens.
Personally, I dont think Lira will stabilize in the foreseeable future. I will be looking to open long positions on all resistance breakouts. Next week will be big on determining which direction this pair will go, keep your eyes peeled.