Growth within the corrective framework

04.03.2021

There were no substantial changes during the last trading session. As expected, the price declined within the expected correction. Further growth is expected, during which a zigzag will be formed with subsequent downward price movement.

Based on these assumptions, you can try cautious buying at current market prices by setting a protective stop loss just below the local minimum and with the aim of updating the local maximum in the 1.2120 area.

Investment idea: buy 1.2060, stop loss 1.2030, take profit 1.2120.