The fx pair on bigger TF shows the market is still in downtrend so from that view it is better to expect new lows. At yesterday the market still did not form the expected bigger correction. The reason is that something was missing. And at the late afternoon it happened when the market filled up its second down move and reached Fibonacci extension 100% at the same level with the middle continuation 200%. After this the waited up move begin to form. The space for a LONG position is opened and in the bigger TF the last upswing is on in the correction. Long is good from now. TP is R2 later R3.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.
Δεν υπάρχουν σχόλια:
Δημοσίευση σχολίου