Trading strategy for the currency pair EURTRY

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Today, investors' attention is focused on the Euro and Turkish Lira currency pair. This is not exactly a traditional trading tool, which has a greater risk, but often brings more profit to traders, for which market professionals like it. By trading this pair, you have a chance to significantly increase your account at your forex broker. The volatility of TRY is truly enormous, it is necessary to monitor the dynamics, because in a day it can go up to 1500 points. The potential of earnings here is limited only by your imagination and the depth of your pocket. Therefore, we are preparing to enter the forex market with the purchase of EUR. Following the fall of the Turkish lira against the US dollar, this currency chart shows the beginning of the upward movement. Not for long bears tried to change the situation in their favor. Currency traders in their majority take the side of bulls. Large investors see more prospects in hard currencies.


The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: 4 H
•    The trade recommendation: Buy
•    The level of entry into long position: 3.9800
•    The level of profit and close the position: 4.0100 (300 pips)

Precious metal GOLD 
Possible bearish movement in the breakdown of the support level 1202

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2130

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 115.00

Forex currency pair EURUSD 
Possible bullish movement in the breakout of the resistance level 1.0570