The
fx pair on H1 is moving sideways. The bigger TF shows the market is still in
downtrend so from this view it is better to expect new lows. But before in the
correction there is space to enter to LONG positions. The first Support level
(S1) is important. There the market will decide A) it will continue to move for
one more swing to downward to form new low or B) (this has got more percentage)
the correction moves to bigger timeframes and it will form one level bigger
correction. This is why it is a good trade and the TP will be either R2 or
between 1.08082-R3.
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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