Forex Signal For TL/USD: Lira Continues to Fall After Turkish Finance Minister Statements.

    Forex Signal For TL/USD: Lira Continues to Fall After Turkish Finance Minister Statements.   The Finance Minister announced that he is linking the flow of foreign capital to legal and legitimate sources, as his country denies accusations that it facilitates the inflow of funds from Russia.  

Today's Advice For TRY/USD

 

• The risk is 0,50%.

 

Best Buying Points

 

• Go to buy buy position with pending order at 18,50 level.
• Identify a stop-loss point to close below the 18,35 support levels.
• 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 continue to strong resistance levels at 18,99.

 

Forex Signal For TL/USD: Lira Continues to Fall After Turkish Finance Minister Statements.

 

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 70 pips profit and leave the remaining contracts at 18,55 support level.

   

You may also be interested in:

Forex Signal For GBP/USD: Double Tops Appear to Deeper Pullback.