As expected, the price continued to come under selling pressure. This led to further declines, during which the minimum of the newly begun year was once again updated. Trading is taking place in the final part of Wave 5 of the ending diagonal triangle, meaning buyers could become active at any moment.
In such a case, we can expect a sharp jump in prices upwards, followed by a correction and further impulsive growth. The minimum distance that the price will cover in this bull cycle will be equal to the total length of the formed ending diagonal triangle.
Thus, a good opportunity for concluding buy transactions is looming.
Investment idea: Buy 1.0280, Stop Loss 1.0255, Take Profit 1.0630.
Origin: FreshForex
