There may have been a reversal

13.05.2021

Sellers decided not to postpone the matter indefinitely by attacking the British pound during the last trading session. Therefore, allegedly, the formation of the upward impulse has completed. Wave [v] of v, as expected, turned out to be truncated.

The beginning of the decline, in view of the fact that the final diagonal triangle had been formed before, indicates a good potential for further decline.

Consequently, it is recommended to look closer at the possibility of opening sell deals already at current market prices.

Investment idea: sell 1.4070, stop loss 1.4100, take profit 1.3650.