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USDPLN D1 Bullish - front running Interest Rate decision
U.S. Dollar / Polish Zloty
Long
USDPLN D1 Bullish - front running Interest Rate decision
By AdiVV
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Updated
May 29
5
Cheer
Cheer
May 27
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.
May 29
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!
Double Top or Bottom
pln
polish
Supply and Demand
Support and Resistance
USD
USDPLN
zloty
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