Δευτέρα 7 Δεκεμβρίου 2015

Technical Analysis EUR//USD

The fx pair on bigger TF shows a bigger correction is on at the moment and after new highs will come. The only question is that how long will last the ongoing correction. For this the answer will arrive soon when the market will reach the green rectangle area on M15. Until that Short position is ok but just with care. At the mentioned point a proof will be needed to see which way chosen by the market. For this the options are drawn with dashed lines.
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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