Forex Signal For USD/TRY: TL Stabilized After Retail Sales Data

    Forex Signal For USD/TRY: TL Stabilized After Retail Sales Data   The pair is still trading above the 50, 100 and 200 moving averages on the daily time frame and the four time frames where the pair remains bullish.  

Today's advice for USD/Turkish lira

 

• 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: TL Stabilized After Retail Sales Data

 

Best Selling Points

 

• Go to a sell position with a pending order at 18,32.
• The best spots for stop-loss adjustment are to close the 18,55 high.
• 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 at 17,85 support.

   

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