In longer term (Daily TF) the FX pair seems to be still bullish. And after its first strong up move one more upswing is expected. H8 players were out in the sustainable bull territory which shows a new up move also. The last few days’ strong down move shows either the correction is going to be complex or the new upswing will last just until R2. From more close H2 RSI shows the down move is still not ended but from the chart side the up move was really strong which might indicate that the longer TF players have taken over the game. To trade it seems to be more remunerative to look for LONG positions with the TP of R2. In another option it might worth to take SHORT for a short time until S1. But around this level get ready for long. The price can bounce back easily.
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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