Lira takes a breather -equilibrium between $7 and $5.8 possible
Hello my dear USD/TRY traders, hope you're doing fine guys! :)
Since the last time we spoke, USD/TRY spiraled to 7 Dollars, which is seeing many traders jumping on the train. So obviously a correction here had to come and is very normal. We have retraced back to 5.68 with the wicks -and now we're gonna wait and see, what pattern we get at the top.
Fundamental news that had an effect were:
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Since the last time we spoke, USD/TRY spiraled to 7 Dollars, which is seeing many traders jumping on the train. So obviously a correction here had to come and is very normal. We have retraced back to 5.68 with the wicks -and now we're gonna wait and see, what pattern we get at the top.
Fundamental news that had an effect were:
- Qatar pledging help to Turkey
- The central bank/government curbing the possbility of banks to lend money tot short sellers from 50% to 25%
- Turkey responding with tarrifs to US consumer goods
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.