Turkish Lira jitters ahead of new American Dollar attack
A few days ago, the Turkish lira fell very strongly against the US dollar. Such a strong price change has never happened before in this currency pair. The price has created a new all-time high. Now the bulls are pushing the price to this maximum and the level will most likely be broken. A trading strategy based on breakouts of historical highs in most cases brings profit to the trader. Such opportunities are rarely provided. We will place our pending order slightly above the historical high and open a position immediately after the price breaks out and creates a new high.
Order Type: Pending Order - Buy Stop
Entry Price at 13.3300
Take Profit at 13.5000
Pips Earning: 1700
Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1300
USDJPY sell at the price of 113.30
GBPUSD sell at the price of 1.3290
USDCHF sell at the price of 0.9240
The result of a trade recommendation.
Trading recommendation for the currency pair
The profit can be $1140.21 if the trading volume of 100000 USD (1 Lot).