USD/TRY Short idea
Updated
Well,
Keeping it simple as always (or I try at least)
Here's another one of my ideas. Long on the Turkish lira (another crazy idea of mine)
First Target 18$
Second Target 13$
I just want to be as transparent as possible with you guys. Right or wrong this is another investment of mine.
I see on the long term (1 year - 2 years ) a regain of field from the Turkish lira which has became trash during the last 2-3 years cause of the low interest rates and an inflation reaching the high part of the double digits.
Now things seem to have changed (SEEM) we have the TCB boosting rates trying to slow down inflation. We know that once lost it's SO HARD to gain trust back, but in long time I see Turkish lira gain back.
P.S. We have a strong dollar in the recent days so it might be volatile (synonym everyone uses to say temporary losses apparently ) for the short medium term.
P.P.S. This is not a financial advice I publish for the sole purpose to have feedback (constructive at least)
Peace out :)
Keeping it simple as always (or I try at least)
Here's another one of my ideas. Long on the Turkish lira (another crazy idea of mine)
First Target 18$
Second Target 13$
I just want to be as transparent as possible with you guys. Right or wrong this is another investment of mine.
I see on the long term (1 year - 2 years ) a regain of field from the Turkish lira which has became trash during the last 2-3 years cause of the low interest rates and an inflation reaching the high part of the double digits.
Now things seem to have changed (SEEM) we have the TCB boosting rates trying to slow down inflation. We know that once lost it's SO HARD to gain trust back, but in long time I see Turkish lira gain back.
P.S. We have a strong dollar in the recent days so it might be volatile (synonym everyone uses to say temporary losses apparently ) for the short medium term.
P.P.S. This is not a financial advice I publish for the sole purpose to have feedback (constructive at least)
Peace out :)
Trade closed: stop reached
Closed with a loss.
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