peterbokma

USDTRY-SELL++

Viés de baixa
FX:USDTRY   Dólar Americano/Nova Lira Turca
We are starting to become once again a bit more extreme overbought.
The daily chart, and monthly chart are the most severe, and this suggest we should be in SELL mode.

The issue of course always is what is the highest possible RSI possible, and this is a difficult answer. In general less liquid currencies like TRY best is above 85.0 > 90. For now, the strategy is SELL @ 16.15-16.50 range and add 16.75. Profit order short-term is 14.37 for now.

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