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Last week's closing occurred below the Weekly Control Zone 1/2 1.1821-1.1813, which indicates a bearish reversal. The main trading direction was downward. Any upward movement must be used to search for sales.
The task is to focus on finding a sell pattern at a better price. To do this, it is necessary to wait for an upward correction. An interesting target of the correction is the WCZ 1/4 1.1823-1.1819. A limit sell order can be placed at the lower border of the zone.
The downward movement is an impulse, so there is an 80% probability of updating the local low. Purchases are not profitable deals. Growth is used only as an opportunity to sell the instrument.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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