ridethepig | PLN Market Commentary 2020.02.19
Updated
The outflows from Poland have been staggering to say the least, large sharks abandoning ship before the storm reaches shore. Notice how the NBP (National Bank of Poland) has been dovish even though inflation ticks higher ...everything is fine right...
We traded the PLN devaluation versus CZK previously, now I prefer EURPLN longs as my 'weapon' of choice. There is room for a leg into 4.3075x and 4.333x as the extension.
Thanks as usual for keeping the support coming with likes, comments and etc. An important round of G10 and EM macro FX charts coming over the next few sessions ...
We traded the PLN devaluation versus CZK previously, now I prefer EURPLN longs as my 'weapon' of choice. There is room for a leg into 4.3075x and 4.333x as the extension.
Thanks as usual for keeping the support coming with likes, comments and etc. An important round of G10 and EM macro FX charts coming over the next few sessions ...
Trade active
Comment
EURPLN on the move here...well done buyers!Trade closed: target reached
Related publications
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.