Expectations of decline persist

16.11.2021

Unlike the euro, the pound did not allow the dollar to renew its minimums. The price remained at the same price levels as before without making any efforts. Probably, this is due to the development of the correction, the exit from which is supposed to go down to complete the formation of the Y wave of the double zigzag.

The point to open short positions is the current price minimum. You can also try to sell at current market values, but this decision is more risky.

Investment idea: sell 1.3420, stop loss 1.3450, take profit 1.3350.