As the inflation is near 2% in Poland, yet the Interest Rates were not cut for a while, I am expecting big positioning in favor of US Dollar.
Unstable situation in the region is also a + for this trade idea.
The stop loss for me is 3.895 and I am looking to take partials at 4.05, 4.10 and targeting 4.20 for USDPLN.
Unstable situation in the region is also a + for this trade idea.
The stop loss for me is 3.895 and I am looking to take partials at 4.05, 4.10 and targeting 4.20 for USDPLN.
Note
CAUTION!I just closed the trade in small profit at 3.931 price.
The CPI data came out - and the inflation is slightly higher than expected.
The reason is simply my entry was not perfect, and I will be looking for re-entry around 3.88-3.90 price range.
Stay safe and good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.