Forex Signal For USD/TRY: Inflation reports breaking new records in Turkey

    Forex Signal For USD/TRY: Inflation reports breaking new records in Turkey   Initial reports appeared to increase the pressure on the lira, with the central bank's announcements of a new set of rate cuts at upcoming meetings.  

Today's Advice For TRY/USD

 

• The risk is 0,50%.

 

Best Buying Points

 

• Go to buy position with pending order at 18,49 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: Inflation reports breaking new records in Turkey

 

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 equal to 70 pips and drop the remaining contracts at 18,55 support levels.

   

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