The price has begun to form a corrective structure. This development aligns with the expectation that a downward impulse has already formed, with Wave 1 being under construction.
This correction, which is currently in progress, is likely to act as Wave 2. After its completion, a resumption of the downward impulse is anticipated.
Entering sell positions is recommended after the minimum of Wave 1 is reached.
Investment idea: Sell 154.75, Stop Loss 155.00, Take Profit 150.00.
Origin: FreshForex
