The final stage of the development of a double zigzag

09.11.2021

The British currency rate has come closely to a minimum and is trying to rebound from it. However, according to the proposed scenario, an update is needed in order to complete the development of the correction taking the form of a double zigzag. Soon it will become clear whether sellers will succeed in implementing this plan, or whether the price will start to grow steadily from the current values.

It is recommended to either close the previously opened sell trades, or to insure it by moving the stop loss to the closest possible value of the British currency rate to the US dollar. It is not recommended to open new deals yet.

Investment idea: flat.