USD/TRY Forex Signal: Lira Declining after Bank Decision

Best selling entry points

Entering a short position with a pending order from levels of 18.33

  • Set a stop-loss point to close the lowest support levels at 18.55.
  • Move the stop loss to the entry area and continue to profit as the price moves by 50 pips.
  • Close half of the contracts with a profit equal to 55 pips and leave the rest of the contracts until the strong resistance levels at 17.70.

Best buy entry points

Entering a long position with a pending order from 17.98 levels

  • The best points for setting stop-loss are closing the highest levels of 17.74.
  • Move the stop loss to the entry area and continue to profit as the price moves by 50 pips.

Close half of the contracts with a profit equal to 55 pips and leave the rest of the contracts until the support levels 18.31

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