USD/TRY confusion

3 juil. 2023

Even if 1H and 4H graphics and indicators show the rise still on track, 1D graphic and indicators are signaling for around 6-7% fall and sell-off for me. I am overall keeping my position long with a small partition of selling.

29 août 2023

Note

When published the idea on 3th of July, currency was TRY26,089 and I was expecting a drop. It took some time because of the Turkish government control over the currency, I believe. Last week they increase the policy rate 750 p and it has become 25%. That day the currency drop drastically that made my orders worked flawlessly and I bought more than I sold. Anyway, it happened and I made a lot of profit. Hope somebodies could have the same.