The price continues to move in a converging triangle

27.01.2021

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The British currency, as the euro, took advantage of the weakness of the dollar and entered another wave in the narrowing triangle. Probably this time the price will reach the upper border, thereby completing the formation of the wave v of [v] of the final diagonal triangle.

Only purchases can be a trading decision in this situation. But do not forget that the movement potential is quite insignificant.

Investment idea: buy 1.3750, stop loss 1.3730, take profit 1.3800.