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The resumption of the upward movement has once again been postponed. Instead, the price chose to deepen the correction, leading to further declines. Now, this entire wave is proportionately comparable to Wave 2 and could take on the role of Wave 4 in the upward movement. However, the fact that it enters the zone of Wave 1’s development suggests that the upward movement is an initial diagonal triangle. The two initial waves appear as one strong bullish model, which looks optimistic for buyers, yet somehow implausible.
It is entirely possible that the entire rise is part of a complex corrective structure, but there are currently no indications of this, so it makes sense to base your approach on the bullish scenario and seek opportunities to buy.
You can already open trades at current market values.
Investment idea: BUY 1.0430, STOP LOSS: 1.0400, TAKE PROFIT: 1.0550.
Origin: FreshForex
