Forex Signal For USD/TRY: Lira Keeps Falling After Inflation Data

    Forex Signal For USD/TRY: Lira Keeps Falling After Inflation Data The pair is expected to rise from the levels stated in the recommendation.  

Today's advice for the Turkish lira against the dollar

 

• The risk is 0,50%.
• The trading of the recommendation became active on Thursday, with profits being made by closing half of the contracts once the stop loss kicked in.

 

Best Selling Points

 

• Go to sell position with pending order at 17,45 level.
• Set a stop loss to close the 17,65 low 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 55 pips profit and leave the remaining contracts to hold up to strong resistance levels at 16,40.

 

Forex Signal For USD/TRY: Lira Keeps Falling After Inflation Data

 

Best Buy Points

 

• Go to buy position with pending order at 16,81 level.
• The best spots to set the stop loss are to close the 16,44 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 equal to 55 pips and leave the remaining contracts to sustain up to 17,11 support levels

   

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