Decline in the third impulse wave

16.08.2021

The final trading day of the past week turned out to be extremely unfortunate for buyers. The price fell down quite powerfully and, probably, canceled the previously proposed scenario, according to which a diagonal triangle is being formed.

Probably, the zigzag ended earlier, but now a large downward impulse is emerging. The incipient decline is probably part of wave 3. Then, in the future we are expecting the continuation of the impulsive decline of the pair.

Investment idea: sell 109.30, stop loss 109.60, take profit 107.00.