This morning we have seen some decent numbers out of the UK in terms of CPI, PPI and RPI. These are all measures of inflation and therefore a precursor to an interest rate hike, which is what we are really interested in.
We will be employing our standard news trading strategy, i.e. watch the breakout and wait for a pullback into structure/fib levels before looking for a reason to enter.
All the best,
Mase.
Trade closed: target reached
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Another news trade winner. A total of 12 pips drawdown for less than 5 minutes, then there was no looking back until our 80 pip target was hit.