Exotic currency to watch for ---> South African rand USDSAR, Mexican Peso USDMXN and Turkish lira USDTRY
TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe!
Long term bullish on USDTRY but we might see a retrace from higher levels
Watching the action and getting ready to short!
TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe!
Long term bullish on USDTRY but we might see a retrace from higher levels
Watching the action and getting ready to short!
Trade active
Shorted @ 4.9550Trade active
$100k short is paying $40 a day interest - straight out of Turkish Central Bank’s pocket!Trade active
We are up 3% $$$ fundamentals at play - waiting for some action $$$Note
We are up 2000 pips $$$$ looking good $$$Trade active
up +2200 pips! $$$Note
$100k short would give you $720 by now. We are up +1000 pips! Expecting a short-lived upside actionTrade active
trade still active - added more shorts @5.10I only add more shorts if it's an exotic currency pair
We are getting %1.3 interest a month on our short
I am targeting 4.60 - 4.50 $$$
Trade active
Shorted further @5.19 $$$Trade active
Further shorts booked @5.40 $$$Trade active
Wow guys - witnessing devaluation of Turkish Lira 75% devaluation in 1 year!!! I have opened one more short position @5.72 $$$ game changed - targeting 5.00 for now!Note
Is Turkey next Venezuela ? Who knows, shorted more @6.02Trade active
Further shorts @6.50 $$$Historical Turkish Lira devaluation in play!
Note
We are expecting hyper inflation and high interest rates soon! Causitous with Turkish Lira bonds $$$Trade active
Further shorts @7.12 wowNote
Looking great $$$ +13,800 pips from the last short $$$Note
watching the action closely $$$ it's been a great trade so far $$$Trade active
$$$ one of my best trades still open
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.