So if I'm understanding this right, for every dollar your trade goes into profit, your option loses you 1.20 dollars until your trade gets into profit by 14k - which you calculate, at May 9 will have reduced to $3k ? So what you are really betting is an unlimited profit against a 3k maximum loss ?
BUT to make a profit at all, you have to have movement one way or the other by a pip count equivalent to 5 times the monetary movement which would make your position itself $3k ie a $15k movement either way is your break - even. Less movement than that and you will lose an amount of up to but not exceeding $3k ?
How many dollars per pip does your short move by ?
It looks as though you're trading at 0.8 lots (ish) so say $8 per pip - you need nearly 2000 pips movement upwards or about 400 pips downwards ?
So to make any real money your trade needs to Break the resistance at the double top, (3.9500 into all time high territory above 4.0000 - Or to break 3.6900 and continue down.
However, 3.69 is not that far away really, so a break of that and a retest of support at 3.55 is a distinct possibility, which could make you a whole stack of (virtual) money.
Personally, If I HAD to choose one of those I'd choose a successful test of the 4.0000, But as @tommor says USD is showing weakness, so it seems the Turkish Lira musrt be a real basket case ! - I wonder if property is cheap in Turkey ?
[Nice idea though - I hope you will keep us informed ]