Hey there, turkey still in economic crisis, and we are still not over earthquakes shock, I share idea about earthquake and turkey situation from 2018 you can found here;
as you know in middle east so many thing happened, turkey still feed and protect Syrian refugees, our vision is not close usa and russia this situation supports to lose value of turkish lira
our private companies has a heavy debt and goverment want to still lowering interest rate how can possible ? we are a country that imports and makes it a substitute and we dont do imports because major currencies so expensive for turkish lira ! so we must prevent unnecessary borrowing. We must stop lending banks through pressure.
my last technical analysis makes profit really good you canfound below my last analysis.
if you this idea helpfully for you dont forgot to click LIKE BUTTON ! Thank you
our private companies has a heavy debt and goverment want to still lowering interest rate how can possible ? we are a country that imports and makes it a substitute and we dont do imports because major currencies so expensive for turkish lira ! so we must prevent unnecessary borrowing. We must stop lending banks through pressure.
my last technical analysis makes profit really good you canfound below my last analysis.
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what a awesome trade absolutely this setup give us amazing profit we can see how is work resistance & support levels currency still look bullish btw.
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as you see our fibonacci channel know 7.26 level return back for dollar tl !
next level !
next level !
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We can see a wave of correction a little bit
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what a awesome chart
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I expect a little bit correction this week.