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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