Long

Hellena | EUR/USD (4H): Long to resistance area at 1.08843.

Updated

Dear Colleagues, I believe that the price is in the impulsive movement of the senior wave “3” and in the junior corrective wave “2”.
Therefore, I expect the price to correct to the area of 50% - 61.8% Fibonacci levels at 1.07217, then I expect the upward movement to continue and reach the resistance area at 1.08843.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Note

Colleagues, the price is moving towards the support area at 1.07217. After reaching this area, I expect the beginning of the upward movement. I remind you that I do not recommend entering short positions and consider only long positions.

Note

The price pushed from the area of 50% - 61.8% Fibonacci levels at 1.07217 and started an upward movement. I believe that it will continue, but we should be careful and after updating the local maximum at 0.08127, we should set trades to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Note

Dear Colleagues, in the coming week I expect the upward movement in wave “3” to continue. The main thing is to renew the local high of 1.08127.

Note

When overcoming 1.08127 I believe that the price will reach the target this week, but as soon as the price passes this high I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Note

The price has passed the level of 1.08127! So now I expect the scenario to be completed already this week!
But a small correction is possible before the next upward movement.

Trade closed: target reached

Well done!

Hellena_Trade

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