The price remains under serious pressure from sellers. Attempts to correct the situation end in failure. It is obvious that the price will continue to decline. This scenario is due to the completed upward zigzag consisting of two diagonal triangles. The final one, formed as wave C, is a strong signal for a good movement — in our case, a downward one.
In this regard, it is recommended to continue holding previously opened sell positions and, if possible, try to enter additional sell trades. The minimum target for the movement is located at the end of wave b.
Investment idea: SELL 1.1745, SL 1.1770, TP 1.1570.
Origin: FreshForex
