The development of the fourth wave of the upward impulse continues

26.10.2021

For the pair under consideration, the development of the correction, which is wave iv of the upward impulse, will probably continue. It is assumed that in the near future we will expect an aimless wandering of prices in a narrow price range, after which an impulsive decline will begin.

Consequently, it is not recommended to take an active part in trading yet. All day today will be spent on the development of the indicated sideways.

Investment idea: flat.