The price is preparing for a decline in the fourth wave

29.10.2021

Over the past day, there have been no substantial changes in the wave pattern of the pair under consideration. The price has almost remained at the same price levels. Therefore, the development of the correctional wave iv will probably continue.

In the near future, a decline is expected within the formation of the final wave of the zigzag. A good moment to enter sell trades is a breakout of the local minimum.

Investment idea: sell 113.25, stop loss 113.40, take profit 112.50.