Growth in the fifth wave of a large upward impulse

01.09.2021

Over the past trading day, there were no substantial changes in the pair under consideration. The pound dipped a little bit, but all this is within the normal range. Growth expectations within the development of wave v remain.

In this case, inside the indicated wave v, the development of the impulse, or rather its wave [iii], is also assumed. The situation is potentially very promising. However, it is worth entering into buy deals on the renewal of the current local maximum passing at the value of 1.3815.

Investment idea: buy 1.3815, stop loss 1.37.80, take profit 1.4400.