Forex Signal For USD/TRY: Trades in a Narrow Range

    Forex Signal For USD/TRY: Trades in a Narrow Range  

Today's advice for the Turkish lira against the dollar

 

• The risk is 0,50%.
• None of yesterday's trades were activated.

 

Best Selling Points

 

• Go to sell position with pending order at 17,41 level.
• Set a stop-loss point 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 a profit equal to 55 pips and leave the rest to sustain strong resistance levels at 16,40.  

Forex Signal For USD/TRY: Trades in a Narrow Range

 

Best Buying Points

 

• Go to a buy position with pending orders above at 17,00 the level.
• The best spots to set a stop loss are to close the 16,88 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 maintain their support levels at 17,40.    

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