The situation is changing in favor of sales

28.09.2021

On the daily chart of the pair under consideration, the situation is favorable for further decline. This is due to the possible development of a converging horizontal triangle as a bundle wave X in a possibly emerging double zigzag.

To complete the development of the indicated wave X, a slight increase to the upper generatrix of the triangle is required, after which a full-fledged drain of the British currency will begin, during which the current price minimum will be updated.

Investment idea: sell 1.3680, stop loss 1.3700, take profit 1.3300.