Short the TURd
Updated
When in doubt, short garbage. Small position in July $23 puts, for kicks and giggles. It's coming off an overbought condition, but the ETF is not always indicative of currency trade or BIST.
Trade closed manually
Closed it since it's not going anywhere. Took a small loss because of the spread between bid and ask.Not sure if this is a reversal or a bull flag, the currency trade is going the wrong way so it winds up flat every day even when BIST goes down.
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.