In longer term (Daily TF) the FX pair is just on the bullish-bearish boarder. And during the upcoming days the market will decide what it would like to be. H8 and H2 were in the sustainable bear territory which indicate the market wants to move down again. It seems H8 was the TF where the level of the correction was. This can have the meaning that the trend is decelerating and the market is forming its last down wave. Which means there is not too much left from the downswing. Or from another view the down move already ended and the Daily players have taken the control. To trade better to stay on H2 level. Which indicates a down move is in development. And it has the possibility to go down until S1 if a divergence will be shown. In that case it will be a good SHORT. But even the back down move it is better to expect another up and to get ready for LONG.
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