PRESSURED TRY SEARCHING A HOLE TO BREATHE

Exotic currency to watch for ---> South African rand USDSAR, Mexican Peso USDMXN and Turkish lira USDTRY

TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe!

Long term bullish on USDTRY but we might see a retrace from higher levels

Watching the action and getting ready to short!

Trade ativo:

Shorted @ 4.9550

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$100k short is paying $40 a day interest - straight out of Turkish Central Bank’s pocket!

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We are up 3% $$$ fundamentals at play - waiting for some action $$$

Comentário:

We are up 2000 pips $$$$ looking good $$$

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up +2200 pips! $$$

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$100k short would give you $720 by now. We are up +1000 pips! Expecting a short-lived upside action

Trade ativo:

trade still active - added more shorts @5.10
I only add more shorts if it's an exotic currency pair
We are getting %1.3 interest a month on our short

I am targeting 4.60 - 4.50 $$$

Trade ativo:

Shorted further @5.19 $$$

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Further shorts booked @5.40 $$$

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Wow guys - witnessing devaluation of Turkish Lira 75% devaluation in 1 year!!! I have opened one more short position @5.72 $$$ game changed - targeting 5.00 for now!

Comentário:

Is Turkey next Venezuela ? Who knows, shorted more @6.02

Trade ativo:

Further shorts @6.50 $$$
Historical Turkish Lira devaluation in play!

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We are expecting hyper inflation and high interest rates soon! Causitous with Turkish Lira bonds $$$

Trade ativo:

Further shorts @7.12 wow

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Looking great $$$ +13,800 pips from the last short $$$

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watching the action closely $$$ it's been a great trade so far $$$

Trade ativo:

$$$ one of my best trades still open