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 with a new high. H8 players were out in the sustainable bull territory and seems they are moving strongly up. From one side the new uptrend is almost back but from other side they can easily form a big and complex correction. H2 was trending and it wants to move forward to form new highs. But before we have to take attention for the correction. A – it is already ended, B – its will be complex. It is doesn’t matter which is the correct one at the moment. Both version starts with LONG positions. Only we have to see what will happen before R1 and maybe another LONG will be needed before it will reach R3.
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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