The uncertain upward movement has continued. Such price action often indicates a correction — and according to the current scenario, this appears to be the case. The observed upward move is likely forming wave b within a zigzag.
Therefore, we may soon see a resumption of decline, which will likely take an impulsive character. Within this move, the final bearish wave C will form, completing the entire large and complex corrective structure — a double zigzag.
In this context, it is recommended to start selling at the first signs of a downturn.
Investment idea: SELL 1.1620, SL 1.1650, TP 1.1480.
Origin: FreshForex
