Forecast For USD/TRY: Government Increases Energy Subsidies by 80%
Forecast For USD/TRY: Government Increases Energy Subsidies by 80%
On the technical front, the Turkish lira registered slight changes against the dollar.
Yesterday's recommendation for USD/TRY
The risk is 0,50%.
Best Buying Points
Go to buy position with pending order at 18,50 level.
Set a stop-loss point to close below the 18,35 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 70 pips profit and let the remaining contracts drive up to strong resistance levels at 18,99.
Forecast For USD/TRY: Government Increases Energy Subsidies by 80%
Best Selling Points
Go to a sell position with a pending order at 18,99 levels.
The best spots to set a stop-loss are to close the 19,15 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 of 70 pips and leave the remaining contracts to maintain the support level of 18,55.