Technical Analysis EUR/USD

The fx pair is in a downtrend on H1 and just forming a correction. The question is how long the correction will last. The two more predictable versions drown to the chart. But under both versions first part LONG position can be taken with the minimum TP of R1-R2. At that stage the market will have more percentage to turn. Or in other case it can move to higher levels. But if this happens than this will be a game changer for the longer TFs. At the end for both version SHORT position will be a good but with different TP. For the smaller correction the TP is S2. For the ‘bigger’ the TP is S1.

Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.