The fx pair shows uptrend or a range on Daily timeframe. But after its last strong up move it has got more chance to consolidate. It is the same on H8. And the question is how long will the correction last or is it just ended? H2 shows also the same. So for now better to wait a little. And get ready to prepare for the next move. A) It can be a good trading opportunity to take SHORT under S1 with the TP of S3. B) If S1 will hold than it will be a good to take LONG with the TP of R2.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
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