Since the beginning of the week, we have been hearing a lot of news on the Turkish Lira. Forget the News! Let the price action on the charts tell you what is going on. Below are the weekly charts for the USDTRY and the EURTRY. In both charts, price is above the cloud and above the green line. This indicates they are long term bullish. The green line – buffer is the trailing stop. Here are the charts:
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