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As expected, the correction in the trading pair continued. The price did not attempt to start developing Wave 5, as the corrective structure of Wave 4 was not yet complete. This resulted in a decline, but sellers overextended, exceeding expectations.
However, now we can confidently assert that Wave 4 is fully formed. An attempt to grow is already being observed. In the near term, buyers will strive to build on their success and begin work on the concluding Wave 5 of the upward impulsive growth.
For this reason, entering buy trades at current market values appears quite attractive.
Investment idea: BUY 1.0860, SL 1.0830, TP 1.1050.
Origin: FreshForex
