The structure in USDTRY looks increasingly like 1-2-1-2, which means that a very powerful and unexpected (as usual) spike in 3-of-3 should begin in the next few days.
The market will not give a third warning. When 1-2-1-2 is completed, the big move is imminent and it usually does not take prisoners. At the end, everyone will be blown away as to how far the Lira has crashed. I am convinced that 16-20 is the end target.
If you have any Liras left - do take action urgently.
The market will not give a third warning. When 1-2-1-2 is completed, the big move is imminent and it usually does not take prisoners. At the end, everyone will be blown away as to how far the Lira has crashed. I am convinced that 16-20 is the end target.
If you have any Liras left - do take action urgently.
