The situation remains unfavorable for trading

10.11.2021

The pound bounced off the minimum, and so far, could not rise well enough. There is feeling that this is just a correction, which means that an update of the current minimum may happen soon.

Then the proposed wave scenario will be fully realized, the correction will take the form of a double zigzag, after which it will be possible to prepare for a good impulsive growth.

However, until now, the price is trying to make adjustments to the proposed option. In this situation, it is worth being an outside observer, before the onset of any more or less understandable situation.

Investment idea: flat.