Although the price is under pressure, it still remains at the lower border of the correction, which means that at any moment we can get an unpleasant surprise in the form of a sharp surge in buyers’ activity.

For a safer entry into sell trades within the expected wave (iii), it is worth waiting for the breakout and fixing the price below 109.00.

Investment idea: sell 109.00, stop loss 109.30, take profit 106.50.