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Unicredit: Take profit on short TRY-PLN

Quotes from Unicredit On 23 February 2015 we recommended selling TRY-PLN at 1.49 with atarget of 1.4350 and a stop-loss at 1.509. Today we decide to take profitat 1.4565 and close the trade with a spot return of 2.25% an…

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Quotes from Unicredit

  • On 23 February 2015 we recommended selling TRY-PLN at 1.49 with atarget of 1.4350 and a stop-loss at 1.509.
  • Today we decide to take profitat 1.4565 and close the trade with a spot return of 2.25% and anestimated total profit of 2%.Our decision to close the trade ahead of its target is predominantly relatedto technical reasons.
  • Over the past 5 trading sessions, the cross has endured consecutive daily losses (-1.4% cumulative).

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