There is nothing rationaly or technically explainable above 5,5 level. Now we are about to turn to ordinary trend channel. It seems that no major correction will be seen until 5,15's. But if the momentum will be strong and central bank keeps the interest rates high, there is a strong probability to go down 5.15 level. Then 4.60 level will be next support. So just sell USDTRY at any point.
Trade closed manually
we have already reached the bottom level of the channel. we have made a huge profit. so we can close the trade. i will be looking for retrace for taking short again.
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