Forex Signal For TRY/USD: Lira Ignores Dollar's Fall

    Forex Signal For TRY/USD: Lira Ignores Dollar's Fall   On a technical level, Turkish lira trading has been stable for over a month and a half, although it has been in a narrow range that has been going on for several weeks. It was observed that it recorded slight movements in the rectangular range shown in the attached graph.  

Advice for Yesterday's TRY/USD

 

• 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 18,25 support levels.
• 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 continue to strong resistance levels at 18,99.

 

Forex Signal For TRY/USD: Lira Ignores Dollar's Fall

 

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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