In longer term the FX pair is still bullish due to the Daily TF players who moved out to the sustainable bullish territory last week. Therefore, it is better to think the market is just making a bigger or more complex correction. Against the higher TF players H8 and H2 are might strong enough to change the game and turn the Daily players also to bear. And this can be seen at the next days. In this stage to trade SHORT positions has got more percentage until S2. But before opening a position better to wait what will happen just before S1. It might bounce back for another smaller upswing before the move continues.
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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