USDTRY

Nov 23, 2021

on monthly frame with Fibonacci level we will find that 13.01 represent strong resistance , last two month the government let the currency fail without any intervene , am sure the Turkish national bank will start offer new government bonds to contain the situation , its a good time in my opinion to short this pair while retail start getting heavy long position , this is risky but am willing to short it ,especially that i know the government control the national bank and its gonna try to put the crisis into bed before any further political damage with election in sight