The decline in wave Y of the double zigzag will continue

12.11.2021

There were no substantial changes for the last trading day for the pair under consideration. The price continued to decline, updating the minimum of the current year again. All this movement is probably due to the development of the final part of the correction, which takes the form of a double zigzag. Probably, we will eventually see an impulse structure in the y wave.

Therefore, the situation remains favorable for sales.

Investment idea: sell 1.3360, stop loss 1.3385, take profit 1.3250.