The beginning of the development of correction

01.10.2021

The pair’s decline has stopped. Probably, the price have gone into a correction, which may take a long time. This means that it is hardly worth expecting further directional movement during today’s closing trading session this week.

Probably, the pair will grow slightly, and then any option of the formation of a correction, sideways or deep retracement is possible.
Consequently, it is hardly worth considering this trading pair for trading. It is recommended to either close previously opened sell trades or move the protective stop loss order to the current market value as much as possible.

Investment idea: flat.