Forex Signal For USD/TRY: Lira Drops After Government Actions

 

 

Forex Signal For USD/TRY: Lira Drops After Government Actions

The price is expected to decline from current levels before rising again.

 

Today’s advice for the Turkish lira against the dollar

 

• The risk is 0,50%.
• The trading of the recommendation became active yesterday and half of the contracts were closed as the price moved towards the target.

 

Best Selling Points

 

• Go to sell position with pending order at 17,45 level.
• Set a stop loss to close the 17,65 low 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 a profit equal to 55 pips and continue the rest to strong resistance levels at 16,40.

 

Forex Signal For USD/TRY: Lira Drops After Government Actions

 

Best Buy Points

 

• Go to buy position with pending order at 16,63 level.
• The best spots to set the stop loss are to close the 16,28 highs.
• Move the stop loss to the entry area and continue to profit as the price rises by 50 pips.
• Close half of the contracts with a profit equal to 55 pips and leave the rest of the contracts to sustain up to 16,99 support levels.

 

 

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