The price has entered the correctional stage of development

03.03.2021

For the pair under consideration, everything worked out as expected. The price fell below, updating the local minimum and completing the downward impulse, after which it began to grow. Probably, this growth is due to the development of the correction and will take the form of a simple zigzag.

The potential for movement is small, so it makes no sense to open buy trades. In this situation, it is worth waiting for the moment of resumption of the price decline and selling.

Investment idea: flat.