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 is the TF where the level of the correction. 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. From closer view better to expect bigger corrections but still with lower lows. To trade it is good to take first LONG but do not expect a breakout over R1. Next SHORT position will be good with the TP of S2.
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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