Forex Signal For USD/TRY: Lira Still Falls Sharply

    Forex Signal For USD/TRY: Lira Still Falls Sharply   The lira is expected to continue falling, especially as long as it continues to trade above the uptrend line. Because every drop in the pair represents a buy back opportunity.  

Today's advice for the Turkish lira against the dollar

 

• The risk is 0,50%.
• By activating yesterday's buy deal, half of the contracts were closed in profit and a stop loss was achieved.

 

Best Selling Points

 

• Go to sell position with pending order at 17,11 level.
• Set a stop-loss point to close support levels as low as 17,26.
• 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 rest to sustain strong resistance levels at 16,40.  

Forex Signal For USD/TRY: Lira Still Falls Sharply

 

Best Buying Points

 

• Go to buy position with pending order at 16,58 level.
• The best spots to set a stop loss are to close the 16,32 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 17,00 support levels.    

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