Potential growth of USDTRY as waging war agains Syria
1. Wait for breaking parallel channel or resistance line then take long
2. Wait till lower band of parallel channel and then take long
Turkey officially declare war against Syria. it could bring chaos to middle east. Russia also is defending Syria. Turkey threatened NATO to support otherwise it would open its borders and free Syrian refugee to flee to EU countries.Turkey did it and refugees had faced a very bad conflict with police of Bulgaria and Greece (EU Gate). Turkey is drowning as more than 45% of GDP made by external loan from international institution like IMF as an example. How could a country be independent while it has 433 Billion USD external load more than 45% of GDP!? President of Turkey Erdugan said we would not get any dollar from IMF as it would violate our foreign independence. After some months it appears Erdugan could not resist foreign pressure and wage war. If both sides of conflict could not reach an agreement that would be death and destruction. Erdugan could not rescue Turkey economy by doing this and corona virus could damage tourism earning so much so bye bye Lira! bye bye foreign real estate investors!
USA will use Turkey like a tissue and then throw it away.
History will repeat itself.
2. Wait till lower band of parallel channel and then take long
Turkey officially declare war against Syria. it could bring chaos to middle east. Russia also is defending Syria. Turkey threatened NATO to support otherwise it would open its borders and free Syrian refugee to flee to EU countries.Turkey did it and refugees had faced a very bad conflict with police of Bulgaria and Greece (EU Gate). Turkey is drowning as more than 45% of GDP made by external loan from international institution like IMF as an example. How could a country be independent while it has 433 Billion USD external load more than 45% of GDP!? President of Turkey Erdugan said we would not get any dollar from IMF as it would violate our foreign independence. After some months it appears Erdugan could not resist foreign pressure and wage war. If both sides of conflict could not reach an agreement that would be death and destruction. Erdugan could not rescue Turkey economy by doing this and corona virus could damage tourism earning so much so bye bye Lira! bye bye foreign real estate investors!
USA will use Turkey like a tissue and then throw it away.
History will repeat itself.
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.