We have a SCALP trade initiated at 1.1215 and closed on target as trailing stops kicked in.
Turkey is in big trouble. European banks have the largest exposure to Turkish bonds and things have started to worsen. The USDTRY often a barometer for how deep will EURUSD fall is starting to rise which suggests trouble for EURUSD.
DB has one of the largest exposure to Turkey. The bank prices has been falling through 2017 and 2018 and now 2019 breaking into new lows. Will have implications for EURUSD
The returns are very solid in 2019.
Here is the 2018 returns which made +130% returns.
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