I closed out another one of my USDTRY sell trades. I had this trade open a long time and was collecting daily interest from it. I have a couple more sell trades to close out. I am still bearish on USDTRY long-term as I have posted about before.
Attached is an updated weekly trend line chart. Long-term support has been broke. I think price will probably retrace upwards near the line again. Which is good since I can reenter some of my closed out trades again. I am expecting price to fall down to the low 5.0000 level somewhere. When this happens, I will have to reconsider my bearish outlook. Until then, I will keep selling USDTRY.
Total profit = +$171.75