Time to get to work on Turkey ... again
=> Here we are tracking profit taking for shorts after an AB = CD leg in EURTRY
=> Nothing has changed on the macro side in Turkey and we have positive Euro flows starting to enter back into the picture as we start thinking about the unwinding of QE.
=> Our target at 7.34158 is the last daily R before we finished breaking down on this 'CD' leg whilst our stops remain below the lows
=> A break of the channel will trigger stops and should clear targets swiftly.. lets see how this one goes.
=> Good luck
=> Nothing has changed on the macro side in Turkey and we have positive Euro flows starting to enter back into the picture as we start thinking about the unwinding of QE.
=> Our target at 7.34158 is the last daily R before we finished breaking down on this 'CD' leg whilst our stops remain below the lows
=> A break of the channel will trigger stops and should clear targets swiftly.. lets see how this one goes.
=> Good luck
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