Forex Signal For USD/TRY: Energy Prices and Inflation Prospects Continue to Rise.

    Forex Signal For USD/TRY: Energy Prices and Inflation Prospects Continue to Rise.   As the pair is in a general upward trend, the chance of the Turkish lira to rise against the dollar still seems very weak.  

Today's advice for USD/TRY

 

• The risk is 0.50%.
• The buy recommendation was activated yesterday, half of the contracts were closed and the stop loss point was moved as the price moved towards the target.

 

Best Selling Points

 

• Go to sell position with pending order at 18,33 level.
• Set a stop-loss point to close the lowest support levels at 18,55.
• 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 equal to 55 pips and leave the remaining contracts to hold up to strong resistance levels at 17,70.

 

Forex Signal For USD/TRY: Energy Prices and Inflation Prospects Continue to Rise.

 

Best Buying Points

 

• Go to a buy position with a pending order at 18,10.
• The best spots to set stop-losses are closing at levels above 17,94.
• 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 equal to 55 pips and leave the remaining contracts at the 18,31 support level.

 

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