No change in view.
Because many people are commenting on the charts for USDTRY, for those I specially address this chart today.
The short-term picture, which means a time-frame anywhere between 5-14 days, the pair is overbought, and should correct slightly towards 14.68 now. The overbought status is quite severe (even though we have seen higher). It does not mean we go down today, and even it could move higher coming days, but the process is to be SHORT small and add on an increase of the pair. the next SELL after 16.39 is 17.25. In the end it is management of the leverage to ensure you can withstand the storm.
In a separate chart I will show a long-term chart and provide some clarifications.
Because many people are commenting on the charts for USDTRY, for those I specially address this chart today.
The short-term picture, which means a time-frame anywhere between 5-14 days, the pair is overbought, and should correct slightly towards 14.68 now. The overbought status is quite severe (even though we have seen higher). It does not mean we go down today, and even it could move higher coming days, but the process is to be SHORT small and add on an increase of the pair. the next SELL after 16.39 is 17.25. In the end it is management of the leverage to ensure you can withstand the storm.
In a separate chart I will show a long-term chart and provide some clarifications.