USD/TRY Forex Signal: TRY Drops in Record High Inflation

    USD/TRY Forex Signal: TRY Drops in Record High Inflation The pair is expected to rally as high as 14,85 before TRY gains some gains from resistance levels at 14,77.  

Today's USD/TRY Signal

 

• 0,50% risk.
• With Thursday's trade activated, profit was exited and moved towards the stop loss entry point as it moved in the direction of the target.

 

Best Buying Points

 

• Enter a buy position with a pending order at 14,51
• Set a stop loss point to close the lowest support levels 14,36.
• Move the stop loss to the entry area and keep gaining as the price moves forward by 50 pips.
• Close half of the contracts with 75 pin profit and abandon the rest of the contracts until strong resistance levels at 15,00.

 

USD/TRY Forex Signal: TRY Drops in Record High Inflation

 

Top selling Points

 

• Enter a sell position with a pending order at 14,81
• The best spots to set the stop loss are to close the highs of 14,98.
• Move the stop loss to the entry area and keep gaining as the price moves forward by 50 pips.
• Close half of the contracts with 75 pin profit and leave the remaining contracts until support level 14,40

   

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