Forex Signal For USD/TRY: Turkey's Growth Forecast Up According to Fitch.

      Forex Signal For USD/TRY: Turkey's Growth Forecast Up According to Fitch.   On the technical front, the Turkish lira's price fell slightly against the dollar during early trading, while the pair remains trading within the narrow range of movement shown on the chart.  

Today's advice for USD/TRY

 

• The risk is 0,50%.
• None of the trades took place last week

 

Best Buying Points

 

• Go to a buy position with a pending order at 18,16.
• Set a stop-loss point to close below the 17,95 support level.
• 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 leave the rest of the contracts up to the strong 18,31 resistance level.

   

Forex Signal For USD/TRY: Turkey's Growth Forecast Up According to Fitch.

 

Best Selling Points

 

• Go to a sell position with a pending order at 18,32.
• The best spots to set stop-losses are to close the 18,55 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 17,85 support levels.

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