Lira exponential resistance retest
Hello, USDTRY is trading in a exponential upwardtrend and it seems we are up for another retest of the red curve.
Some weeks ago i still believed that the lira downtrend is over but erdogan is still increasing money supply like crazy. (Link below for my old USDTRY Idea´s)
Thats why i became more bearish on Lira recently.
I believe we are up for another ATH on USDTRY which i estimate to be between 26 to 37 TRY.
Do your own Research please
and leave a like if you found this useful.
Some weeks ago i still believed that the lira downtrend is over but erdogan is still increasing money supply like crazy. (Link below for my old USDTRY Idea´s)
Thats why i became more bearish on Lira recently.
I believe we are up for another ATH on USDTRY which i estimate to be between 26 to 37 TRY.
Do your own Research please
and leave a like if you found this useful.
Commentaire:
im still confident in new ath for usdtry but better take my targets with a grain of salt
In the end it will also matter of when erdogan announces changes in the monetary policy.