fosis
Long

Bullish support rejection candle

FX_IDC:USDPLN   U.S. Dollar / Polish Zloty
Since correction reached my target, I was looking for a place to enter a long position on USD/PLN.

On the chart the price rejected support and formed bullish signal candle.

My target for the long position is 3,99

However today we have macroeconomic data for Poland, the CPI (Consumer Price Index) and I'll try to adjust analyse after it.
Comment: The Non Farm Payrolls data just blowed out PLN. 4PLN per dollar incoming next week. Moreover in the next week, we will have new ministers announced.
Comment: Today we heard, expose of new Prime Minister. I don't think it will help Zloty. The PLN will slowly depreciate till, as Martin Armstrong says "Big event" that will cause USD to crash.
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