Upward movement outlook remains high

07.04.2021

So far, the assumption about the development of an upward impulse continues to be confirmed, which replaces the correction that has taken the form of a double zigzag. But there is still no complete confidence in the impulsive character of the observed growth, inasmuch as a reversal may occur and the entire wave structure from the beginning of this year will turn into a large downward diagonal, or into a triple zigzag.

Therefore, at every opportunity, it is recommended to move the protective stop loss as close to the current price as possible. It is also assumed that the growth of the pair retains the potential for further development. However, it is no longer worth opening new deals at current prices.

Investment idea: flat.