Triumph and tragedy
Updated
Turkish Lira has been falling hard due to Turkey's economic difficulties.
I have been trading for a while now, and I never thought that I could see something like this in my life. I am afraid that it can drop a lot more in days, and weeks to come.
RSI and MACD indicates bearishness, however I would not be surprised if we see USD at 8-10 liras.
Turkey needs to address the underlying economic problems ASAP or things can get real bad, real fast.
This is not a trading/investing advice and I am not responsible for any losses may occur from following this idea. As always, do your own research.
I have been trading for a while now, and I never thought that I could see something like this in my life. I am afraid that it can drop a lot more in days, and weeks to come.
RSI and MACD indicates bearishness, however I would not be surprised if we see USD at 8-10 liras.
Turkey needs to address the underlying economic problems ASAP or things can get real bad, real fast.
This is not a trading/investing advice and I am not responsible for any losses may occur from following this idea. As always, do your own research.
Note
I expect to see a new ATH tomorrow.I do not know what else to say, it is just sad to see what is going on in Turkey..
Note
As expectedly USD started to go up against Lira. If Turkish Central Bank does not step in 8-10 liras per dollar will be a conservative target at this point.
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