So far, everything is going as expected for the pair under consideration. The price dropped again, reaching the previously established local minimum, but without renewing it, it began to bounce back. Meanwhile, the emerging wave situation suggests a deeper decline. Perhaps it will happen after a while. In the meantime, the price will stay a little bit in the already formed range.

The signal to enter sell trades will be the update of the current minimum.

Investment idea: sell 113.40, stop loss 113.60, take profit 112.50.