USDPLN D1 Bullish - front running Interest Rate decision
Updated
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.
Comment
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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