Forex Signal For TRY/USD: Turkey's GDP Down, Lira Followed

    Forex Signal For TRY/USD: Turkey's GDP Down, Lira Followed   It was noteworthy that the lira did not react to negative data, as the Central Bank of the Republic of Turkey supported the lira price and prevented the lira from depreciating.  

Today's TRY/USD recommendation

 

• The risk is 0,50%.

 

Best Buying Points

 

• Enter a buy order at 18,50 level.
• Place a stop loss to close below the 18,25 support level.
• Move the loss to the entry area and follow the profit when the price rises by 50 pips.
• Close half of the contracts with 70 pips profit and leave the rest of the contracts to sustain up to the strong resistance levels at 18,99.

 

Forex Signal For TRY/USD: Turkey's GDP Down, Lira Followed

 

Top Selling Points

 

• Enter an order pending sell order at 18,99 level.
• The best spot to place a stop-loss is at 19,15, the high.
• Move the loss to the entry area and follow the profit when the price rises by 50 pips.
• Close half of the contracts with 70 pips profit and let the remaining contracts continue to 18,55 support level.

 

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