The price has not been able to break through the lower border of the sidewall inside which it has been wandering for quite a long time. Now we see how the pair is trying to rebound and begin to grow. Therefore, we will probably expect the continuation of the formation of the correction, which is wave iv.

However, trading in this situation is not recommended, inasmuch as the power reserve is insubstantial and the probability of unforeseen unpleasant surprises is high.

Investment idea: flat.