Forex Signal For USD/TRY: Lira Hits Year's Low

    Forex Signal For USD/TRY: Lira Hits Year's Low The Turkish lira is expected to continue to decline, especially after the pair closes above the 16,40 resistance levels.  

Today's advice for the Turkish lira against the dollar

 

• The risk is 0,50%.
• Thursday trading activated, reaching stop loss

 

Best Selling Points

 

• Enter a sell position with a pending order at 17,11.
• Set a stop-loss to close the lowest support levels at 17,26
• 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 rest to sustain strong resistance levels at 16,40.

 

Forex Signal For USD/TRY: Lira Hits Year's Low

 

Best Buying Points

 

• Enter a buy position with a direct order at 16,58.
• The best spots to set the stop loss are to close the 16,32 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 55 pips and leave the remaining contracts to sustain up to 17,00 support levels.

   

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