Growth in the third impulse wave

28.01.2021

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For the pair under consideration, the realization of the proposed scenario has finally begun. The price has steadily broken through the indicated trendline, almost reaching the maximum of the expected wave (i). Wave (iii) is probably forming, which is also lengthening. In this case, a long impulse growth is expected in the near future.

Shopping looks promising enough in this situation.

Investment idea: buy 104.25, stop loss 103.90, take profit 105.50.