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USDTRY currency pair counterattacking bears

USDTRY currency pair counterattacking bears

Jan 03 2022

by Michael Wallenberg
Analyst AZA

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USDTRY currency pair counterattacking bears

USDTRY currency pair counterattacking bears

The Turkish lira rides through the stormy waves of the foreign exchange market. Quotes are changing with great force. This kind of volatility is the best time for forex traders to make money. We will open the position as soon as the bulls take the lead again.

Symbol: USDTRY
Order Type: Pending Order - Buy Stop
Entry Price at 14.0000
Take Profit at 14.5000
Pips Earning: 5000

Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1390
GBPUSD buy at the price of 1.3550
BTCUSD sell at the price of 45600.00
USDCHF sell at the price of 0.9100

Forex Trading Tips
The profit can be $3731.34 if the trading volume of 100000 USD (1 Lot).

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