Apparently, the current price decline is forming within the context of an ending diagonal triangle. Wave 3 in this model appears to be more extended than initially thought. Updating the minimum during the final trading session of the past week indicates the development of Wave 5 of 5.
At present, this wave retains some potential for further development. The target zone where the completion of the fifth wave, along with the entire downward movement, is expected lies on the lower boundary of the ending diagonal triangle.
Therefore, either consider the possibility of entering into short-term sell transactions or wait until the entire structure is completed and the price, reaching the designated target zone, starts to rise, opening longer-term buy positions.
Investment idea: Sell 1.0240, Stop Loss 1.0265, Take Profit 1.0150.
Origin: FreshForex
