Zigzag correction has completed

05.02.2021

The expectations of a further decline in the pair were fully justified. Obviously, the price truly started to form a wave (c) of the supposed zigzag. Meanwhile, the potential for further decline remains. But it may also happen that the price will start to grow from the current values. The reason for this is the possible completion of the development of the entire correctional wave structure.

Therefore, you should forget about performing any trading transactions for a while, and previously opened sell deals can be partially closed or the protective stop loss can be moved on them as close as possible to the current market price.

Investment idea: flat.