The
fx pair is in a correction. Just how it was said yesterday the market may move
to a bigger TF. And this is just happened. Against the last day expectation
this is a H2 or H4 correction and some kind of range has developed. The two strong
down move are also supporting this and therefore it is OK to expect another
bigger down move in a channel stile way fallowing the rule of alternation. To
trade this first LONG position can be taken with the minimum TP of the
yesterday’s last lower high or R1. After good to look for SHORT again with the
TP of S1 or S2.
Opening a position: in
every M5 pullback end to the given directions. Every time it is important to
take care for the contexts.
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