Forecast For USD/TRY: Government Increases Energy Subsidies by 80%

    Forecast  For USD/TRY: Government Increases Energy Subsidies by 80%   On the technical front, the Turkish lira registered slight changes against the dollar.  

Yesterday's recommendation for USD/TRY

 

• The risk is 0,50%.

 

Best Buying Points

 

• Go to buy position with pending order at 18,50 level.
• Set a stop-loss point to close below the 18,35 support level.
• Move the stop loss to the entry area and keep profiting as the price rises by 50 pips.
• Close half of the contracts with 70 pips profit and let the remaining contracts drive up to strong resistance levels at 18,99.

 

Forecast  For USD/TRY: Government Increases Energy Subsidies by 80%

 

Best Selling Points

 

• Go to a sell position with a pending order at 18,99 levels.
• The best spots to set a stop-loss are to close the 19,15 highs.
• Move the stop loss to the entry area and keep profiting as the price rises by 50 pips.
• Close half of the contracts with a profit of 70 pips and leave the remaining contracts to maintain the support level of 18,55.

   

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