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The fx pair is in an up movement and a correction is still on at the moment. On Daily TF no change after yesterday. The market found support on S1 and still moves upward. On H8 range looks like to unfold which may have the meaning that the ongoing correction will be complex. Or the other option is that the market forms new high. H2 is in strong trend. This all means LONG position is good idea. Between the possibilities the only difference are their TP.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
#eurusd #forex #fxtrading #investing #traders #fxtraders #trading #fx
The AUDUSD in bearish channel on H1 Timeframe had rebounded on the bottom of the channel and also a strong support of a uptrend Daily (in place from 04/09/2015). This rebound has confirmed the daily uptrend on last daily price closed.
#audusd #forex #fxtrading #investing #traders #fxtraders #trading #fx