The fx pair on Daily TF is in a range after its first up movement and the second upper leg is in development. On H8 the market is in a strong range as well after its first up move. The resistance level S1 held the market but H8 still doesn’t give a sign that it wants to move upward. H2 moved out to the sustainable bear territory which shows the market will try to form minimum one more downswing. To trade SHORT positions have got more percentage but not for a long run. If H2 RSI will hold over 38 than from that point the bulls show their power and the market will try to move to upward. So LONG positions will have more percentages. And for TP it will be ok to expect new highs.
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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