Forex Signal For USD/TRY: Central Bank Tightens Foreign Currency Loans

  Forex Signal For USD/TRY:  Central Bank Tightens Foreign Currency Loans   On the technical front, the US dollar appreciated against the Turkish lira and set a new record during today's trading at 18,69, before retracing back into narrow trading range.  

Today's Advice For USD/TRY

 

• The risk is 0,50%.

 

Best Buying Points

 

• Go to buy position with pending order at 18,50 level.
• Identify a stop-loss point to close below the 18,35 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 USD/TRY:  Central Bank Tightens Foreign Currency Loans

 

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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