The
fx pair is close to the end of the downtrend and the decelerating phase is in
progress. This means after the ongoing correction it is ok to expect short down
moves. The question is still when does the existing correction ends or does it
ended already..? But currently it doesn’t matter that the market already in the
new down move or still in the corrections downswing, it is moving down. This
means SHORT position can be taken with the minimum TP of S1. At that point the
market will decide that it will from a much more corrective structure or keeps
moving down.
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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