Almost everything is ready for the impulse decline

26.01.2021

Once again the price bounced off the upper border of the converging triangle, further restricting the room for maneuvers. It is highly probable that this time the sale of the British currency will lead to the development of a prolonged impulse wave. This is indicated by the formation of the final diagonal – a harbinger of strong movements.

Now, in order to receive a signal to enter sell trades, it is necessary for the price to break through the lower forming of the triangle and fix elsewhere. Sellers will not need much effort for this, the line is in the immediate vicinity of the price, it just needs to take a small step.

Investment idea: sell 1.3630, stop loss 1.3680, take profit 1.3200.