Forex Signal For USD/TRY: Energy Prices and Inflation Prospects Continue to Rise.
Forex Signal For USD/TRY: Energy Prices and Inflation Prospects Continue to Rise.
As the pair is in a general upward trend, the chance of the Turkish lira to rise against the dollar still seems very weak.
Today's advice for USD/TRY
The risk is 0.50%.
The buy recommendation was activated yesterday, half of the contracts were closed and the stop loss point was moved as the price moved towards the target.
Best Selling Points
Go to sell position with pending order at 18,33 level.
Set a stop-loss point to close the lowest support levels at 18,55.
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 equal to 55 pips and leave the remaining contracts to hold up to strong resistance levels at 17,70.
Forex Signal For USD/TRY: Energy Prices and Inflation Prospects Continue to Rise.
Best Buying Points
Go to a buy position with a pending order at 18,10.
The best spots to set stop-losses are closing at levels above 17,94.
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 equal to 55 pips and leave the remaining contracts at the 18,31 support level.