Forex Signal For TRY/USD: Rate Cut Expectations After Today's Central Bank Meeting

    Forex Signal For TRY/USD: Rate Cut Expectations After Today's Central Bank Meeting   On the technical front, the Turkish lira stabilized against the dollar, registering slight fluctuations in a narrow range that has lasted for nearly two months. The 50 minutes shows the pair's medium-term divergence.  

Today's TRY/USD Recommendation

 

• The risk is 0,50%.

 

Best Buying Points

 

• Enter a buy position with a pending order at 18,50 levels.
• Set a stop-loss point to close below the 18,25 support level.
• Move the loss to the stop entry area and keep profiting while the price moves 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: Rate Cut Expectations After Today's Central Bank Meeting

 

Best Selling Points

 

• Activate sell position with pending order at 18,99 levels.
• The best spots to set stop-losses are close at 19,15 highs.
• Move the loss to the stop entry area and keep profiting while the price moves 50 pips.
• Close half of the contracts with 70 pips profit and stop holding the remaining contracts until the support level of 18,55.

 

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