Forex Signal For USD/TRY: Turkish President Trying to Reassure Markets.

    Forex Signal For USD/TRY: Turkish President Trying to Reassure Markets. Investors watched Turkish President Recep Tayyip Erdogan's statements that he was trying to relieve local markets. After significant decreases in the price of the local currency, inflation continued to rise after a supportive monetary policy.  

Yesterday's recommendation for USD/Turkish lira

 

• The risk is 0,50%.
• None of the previous day's trades were activated

 

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 until the strong resistance levels at 17,70.

 

Forex Signal For USD/TRY: Turkish President Trying to Reassure Markets.

 

Best Buying Points

 

• Go to buy position with pending order at 17,98 level.
• The best spots to set a stop-loss are to close the 17,74 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.

   

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