The fx pair is in an up movement but just handicapping with a correction. This can be viewed in the Daily TF also which shows that one more up move is missing. But before that on H8 the market shows that the ongoing correction is not finished yet. And a lower pick is missing. A 38% retrace after the first and strong up move is more than a few… Or maybe enough but that case it has to build a much complex sideway correction. To figure out what is going on H2 can give some idea. The problem is too many options now. But to catch the second (the last) big down move in the correction new positions have to be opened every time when there is a possibility. But careful outbreak doesn’t work in a correction if there is no space.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
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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