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Forecast For USD/TRY: Government Increases Energy Subsidies by 80%

Forecast For USD/TRY: Government Increases Energy Subsidies by 80% Forecast For USD/TRY: Government Increases Energy Subsidies by 80%

Forecast  For USD/TRY: Government Increases Energy Subsidies by 80%
Yazar: Ross Sutton

Yayınlanma: 19 Ekim 2022 13:21

Güncellenme: 7 Kasım 2024 18:48

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.
  usdtry_18102022_amir  

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