Analysis :
Fundamentals :
Take Profit : Fibonacci extension and trend channel targets 8,20 - 8,40 area
Note : This strategy will not be valid if good news announces for Lira/TR Centeral Bank
- First time weekly close above the highest pinbar of 2018 devaluation
- Correlated pairs (gbptry,eurtry) already closed above weekly top
Fundamentals :
- Coronavirus :Jobless claims and inflation rates getting higher during pandemia.
- low tourism income
- Negative real interest in TR
- TR Central Bank can not limited usdtry @ 6,86 and showed us they has negative deposit in real
- Joe Biden's election winning almost accepted by everyone. Biden's foreign policys is not familiar for TR. That can cause sanctions applied for TR soon
Take Profit : Fibonacci extension and trend channel targets 8,20 - 8,40 area
Note : This strategy will not be valid if good news announces for Lira/TR Centeral Bank
Note
Cup & handle form also targets same 8,40 levelDisclaimer
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.
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.