The pattern starts looking as if we may see strong run up. Both daily and weekly chart has positive stochastic and we have established 13.98 as a base once again.
I understand the cost nature of being long is not good, therefore rather we trade it only medium-term for now.
SELL strategy is SELL 15.25 > 16.50 for now. I think we may see higher then 14.60 this time due to weakness in RUB and it will drag the TRY along a bit plus higher oil prices should increase the inflationary picture world wide.
The over view is down toward 10.50 - 9.00 after we have gone higher at first.
I understand the cost nature of being long is not good, therefore rather we trade it only medium-term for now.
SELL strategy is SELL 15.25 > 16.50 for now. I think we may see higher then 14.60 this time due to weakness in RUB and it will drag the TRY along a bit plus higher oil prices should increase the inflationary picture world wide.
The over view is down toward 10.50 - 9.00 after we have gone higher at first.