Long

Hellena | EUR/USD (4H): Long to resistance area of 1.09800.

Updated

Dear colleagues, I believe that the price will continue the upward movement. In all probability, the price is in wave "3" of the higher order and wave "3" of the lower wave. This means that the probability of an upward movement is strongly increasing.
I expect a small correction to the area of 1.08696, then an upward movement to the resistance area of 1.09800.

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

Note

Colleagues, the price has pushed away from the support area at 1.08696, and is now moving steadily upwards. But small corrections are possible.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Note

Colleagues, I believe that price has come to the support area of 1.08696 again for a reason. I think the price is giving us an opportunity to go long again.
I expect the price to continue its upward movement towards the targets!

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It is quite possible that the price will still update the minimum and reach the area of 1.08500, because wave 2 consists of the correction “A B C” and there is a great possibility of forming the wave “C”.

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Well. As I supposed, the wave “C” is ending, which means that the correction is also ending. I expect the beginning of the upward movement with the aim to reach 1.09800.

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I'm assuming that wave “C” is either complete,
or almost complete. Therefore, I expect the upward movement to resume.

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Colleagues, price has broken the initial support area and at this point I believe that price will still start moving towards the 1.09800 target. Currently, I believe that price may approach the low again, then continue to move upwards.

Note

Colleagues, I can't say that this is a successful forecast, but I can say for sure that the correction became difficult and then the exit with an upward movement happened. I expect that the price will still reach the target of 1.09800.

Trade closed: target reached

Colleagues, of course the price went lower than I expected and once I should set trades to breakeven, but then re-entered a long position.
Congratulations to everyone who reached their targets!

Hellena_Trade

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Hellena | EUR/USD (4H): Long to resistance 1.09138 (wave "3").

by Hellena_Trade

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