The situation is getting more complicated

29.04.2021

For the pair under consideration, the situation becomes even more confusing. A sharp surge in buyers’ activity led the course to the upper generatrix of the supposed horizontal triangle. The breakout can cancel the option with the indicated correctional pattern and it will be necessary to take a short pause in order to understand the current situation.

If the decline begins, it is worth selling as previously suggested at the renewal of the current local minimum.

Investment idea: sell 1.3820, stop loss 1.3850, take profit 1.3680.