The USDTRY is setting up for a large decline. The FALSE BULL FLAG pattern suggest the danger on downside and not upside.
Perhaps Central bank raises by surprise interest rates instead of what is believed to lower the interest rates once more this month.
the change of the head of central bank no doubt has placed the currency in a tail spin, and all what is required to understand inflationary pressures with interest rates offset.
Anyway, market is pricing in disaster hence the decline will be swift and unexpected. I see 11.00 > 10.32 as my objectives. Therefore sell 13.30-14.00 anywhere up really but again in very small increments to remain safe. Long is the wrong thing to be is my personal view.
Perhaps Central bank raises by surprise interest rates instead of what is believed to lower the interest rates once more this month.
the change of the head of central bank no doubt has placed the currency in a tail spin, and all what is required to understand inflationary pressures with interest rates offset.
Anyway, market is pricing in disaster hence the decline will be swift and unexpected. I see 11.00 > 10.32 as my objectives. Therefore sell 13.30-14.00 anywhere up really but again in very small increments to remain safe. Long is the wrong thing to be is my personal view.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.