Of course, the pair is a controlled mechanism, and fast buyers of USD which makes it difficult for the central bank.
We are nearing 2nd voting 28th May 2023, and amidst that extremely high inflation. So either we get a completely new currency, or we have a large correction upcoming. Those living in Turkey are far more expert than me on the current situation inside the country. I can only state technically that I have seen such levels of overbought state before, and corrections will happen, unless as mentioned a move away from the currency and start a new.
Strategy LONG-TERM SELL between 18.50-21.50 and correction can takes us down to GANN support near 15.00.
We are nearing 2nd voting 28th May 2023, and amidst that extremely high inflation. So either we get a completely new currency, or we have a large correction upcoming. Those living in Turkey are far more expert than me on the current situation inside the country. I can only state technically that I have seen such levels of overbought state before, and corrections will happen, unless as mentioned a move away from the currency and start a new.
Strategy LONG-TERM SELL between 18.50-21.50 and correction can takes us down to GANN support near 15.00.