Volatility in the trading instrument is expected to significantly decrease in the near future. This is due to the formation of a corrective structure, which is considered a simple zigzag.
Within this zigzag, Wave a has formed, and today, Wave b is presumably completed. If this is indeed the case, we can expect an impulsive decline in the near future, which will be the concluding Wave c in the zigzag.
Trading in this situation involves entering sell trades when the local minimum is updated, or one can attempt to enter directly using market values, setting a protective stop loss at the local maximum.
Investment idea: SELL 1.1410, SL 1.1445, TP 1.1300.
Origin: FreshForex
