Русский
The price continued trading within the framework of the forming correction, which is likely taking the shape of a contracting horizontal triangle. Predicting triangles of this type always poses certain challenges, as the price can introduce modifications by increasing or decreasing any of the waves while preserving the necessary proportions. Here, the price has grown, increasing the angle of convergence.
In the near term, a move downward toward the lower boundary of the presumed model is expected. This movement will likely conclude the formation of Wave 4. When the price bounces off this indicated level, it is advisable to consider the possibility of entering buy trades.
Investment idea: BUY 1.0845, SL 1.0810, TP 1.1000.
Origin: FreshForex
