The
fx pair is just looks in some kind of base building to get some power before
the bigger up move will start and the market is heading to R1 level. There are
two version. Both TP are R1. In the first version the market will reach it fast
and easy. In the other it will reach the TP in much messy way and it will form
bigger corrections. Even it can come down to S1 level. To take Long positions
this way is difficult. The only good is to not to think in big runs. Also if
the second version is on than maybe Short position can be taken as well.
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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