Is the big interest rate meeting coming tonight? Expanding the trading range, tonight I choose to place open orders with a Light Position and go to sleep💤
Regarding the interest rate meeting at 02:00 AM, it is highly likely that there will be a 25 basis point cut. A rate cut is Favourable Information but does not necessarily mean there will be a rise; exceeding expectations may lead to profit-taking. In line with expectations of a rise of 25 basis points, it spiked upwards and then fell. Only a drop of 50 basis points beyond expectations will trigger a short-term surge.
Last night the long position at 4430 had a maximum profit of 100 points, and there is a monetary policy meeting at 02:00 tonight, manage the position based on the news.
My question about the Ether order at night, the entry is still 4325 and I also wrote a stop loss at 4275. There is CPI data at 20:30 tonight, and the Ether order is still looking for an opportunity to open the order during the live broadcast.
Ether really painted a door again, not playing with dog Ether anymore, I closed my long position at 4325, one-click close position, going to sleep💤, tomorrow at 20:30 there will be CPI data.