Forex Signal For USD/TRY: Trading Above Moving Averages

Today's advice for the Turkish lira against the dollar

• The risk is 0,50%.
• Yesterday's buy transaction became active and half of the contracts were closed as the price rose towards the target and the stop loss point was provided.

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: Trading Above Moving Averages

Best Buy Points

• Go to a buy position with a pending order at 17,85.
• The best spots to set a stop-loss are to close the 17,54 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 let the rest of the contracts sustain to 18,31 support levels.

You may also be interested in:

Forex Signal For AUD/USD: Hard Rally