The fx pair is in an up movement and a correction is still on at the moment. On Daily TF the market just found support on S1 and seems to move upward. On H8 range looks like to unfold after 2 fast down swing.
This easily can have the meaning that the ongoing correction will be complex. And if the last week moves added this just make it more likely. On H2 there are two options. A) R1 will hold than SHORT position will be a good idea. B) The bigger TF players stronger and R1 falls than LONG position will be good and the market in a range really.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
This easily can have the meaning that the ongoing correction will be complex. And if the last week moves added this just make it more likely. On H2 there are two options. A) R1 will hold than SHORT position will be a good idea. B) The bigger TF players stronger and R1 falls than LONG position will be good and the market in a range really.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
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