The fx pair is seems to be in an up movement on Daily TF. To get a proof a higher low is still needed. On H8 to support the Daily TF RSI has to hold over 38. If this happens the uptrend arrived. And if on Daily TF RSI will go over 67 and it stays there, then the trend become strong. H2 is still in a correction since Friday it seems the correction grow out itself and some kind of side movement is on at the moment. From this moment two option can have. 1) The correction on H2 ended and the up move is back. LONG position can be taken. TP is R2. 2) A much complex downswing is on at the moment. If yes, care needed and to trade SHORT maybe good but it has to be treated like countertrend which can end any time.
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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