Forex Signal For USD/TRY: Stability of TRY Continues After Reserves Increase.

    Forex Signal For USD/TRY: Stability of TRY Continues After Reserves Increase.   On the technical front, while the Turkish lira's price fluctuated against the dollar, the Turkish currency continued to decline slightly in early trading and the pair continues to trade in the narrow range shown on the chart.  

Today's advice for USD/TRY

 

• The risk is 0,50%.
• None of the trades took place last week

 

Best Buying Points

 

• Go to a buy position with a pending order at 18,16.
• Set a stop-loss point to close below the 17,95 support level.
• 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 70 pips and leave the remaining contracts to hold up to the 18,31 strong resistance level.

 

Forex Signal For USD/TRY: Stability of TRY Continues After Reserves Increase.

 

Best Selling Points

 

• Go to a sell position with a pending order at 18,32.
• The best spots for a stop-loss adjustment are to close the 18,55 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 70 pips and drop the remaining contracts at 17,85 support levels.

   

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