On Daily timeframe the FX pair seems to stop for a few candle after its strong down move. H8 and H2 have shown strong downtrend. And a bigger correction is on at the moment. Between the actual level and 1.13766 the market will decide which way it likes to go. But until R1 the market has got bigger possibility to move downward. This possibility will get less and less as how the price gets closer to R1. But until the market decides and give a proof it is better to wait to get ready for a SHORT.
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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