On Daily timeframe the FX pair’s RSI has stopped under 67 and begin to move downward. H8 after a strong down move which may show the market will continue the movement. H2’s RSI was out in the
sustainable bear territory. This gives the idea that it is ok to expect another downswing and short position can be good idea later with the TP around S2. But before better to expect stronger up move in the ongoing H8 correction. And LONGs will have more percentage to reach its TP around R1.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
sustainable bear territory. This gives the idea that it is ok to expect another downswing and short position can be good idea later with the TP around S2. But before better to expect stronger up move in the ongoing H8 correction. And LONGs will have more percentage to reach its TP around R1.
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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