Forex Signal For TRY/USD: Opposition Promises to Bring Investment

    Forex Signal For TRY/USD: Opposition Promises to Bring Investment   When the US Dollar was trading above the 50, 100 and 200 moving averages in the daily time frame against the Turkish Lira, it showed the general upward trend of the dollar against the TL, while the price traded between these averages in the 50-minute time frame over the four-hour period.  

Today's TRY/USD Recommendation

 

• The risk is 0,50%.

 

Best Buying Points

 

• A buy order is entered at 18,50 level.
• Place a stop loss to close below the 18,25 support level.
• Move the stop loss to the entry area and follow the profit when the price rises by 50 pips.
• Close half of the contracts with 70 pips profit and leave the rest of the contracts to sustain up to the strong resistance levels at 18,99.

 

Forex Signal For TRY/USD: Opposition Promises to Bring Investment

 

Best Selling Points

 

• Enter an order pending sell order at 18,99 level.
• The best spots to place a stop-loss near the high of 19,15.
• Move the stop loss to the entry area and follow the profit when the price rises by 50 pips.
• Close half of the contracts with 70 pips profit and let the remaining contracts continue to 18,55 support level.

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