Русский
The price didn’t enter a prolonged consolidation phase due to the anticipated correction, which was expected to take the form of a contracting horizontal triangle. Instead, we saw another rapid upward surge. Apparently, this was driven by the continued formation of an upward impulsive wave—specifically wave 5. Corrective wave 4 turned out to be short-lived in both duration and development. At the moment, the impulsive move appears incomplete, so after a brief correction, further upward movement is expected. In this situation, short-term selling opportunities can be considered by entering trades at current market levels.
Investment idea: SELL 1.1285, SL 1.1315, TP 1.1140.
Origin: FreshForex
