Update on USDTRY (short at 7.69)

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take profits will come at 7.69 before 7.79 (im updating my previous idea)
Pay Attention!

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ملاحظة

this chart is looking like kind a cup & handle formation
I HOPE TOP LINE OF THE CHANNEL WON'T BREAK BECAUSE I DON'T WANT TO IMAGINE WHAT COULD HAPPENS

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ملاحظة

• today we heard some good news about meeting Greece&Turkey
• tomorrow Turkish Central Bank is going to announce their interest rate decision

tomorrow if rate is not increased, probably channel top line will be broken and i'll update chart. Even rate increase but if not enough a few days later result will same...
KEEP AN EYE ON PRICE AND NEWS

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ملاحظة

interest rate increased 200 points also they said 'we will support it'
this decision lowered the usdtry price to 7.55 and now it's 7.60.
i think we will see some more pullback
IF YOU SOLD A BIT OR COMPLETELY, U CAN BUY ON EVERY PULLBACK

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