Long

Hellena | EUR/USD (4H): Long to the resistance area at 1.08501.

Updated

Dear colleagues, it seems that the price is not stopping after all and continues the downward movement. At the moment, I expect that wave "2" of the higher order will end and a strong upward movement in wave "3" will begin.
The nearest target is the resistance area at 1.08501.
The support area is 1.06356.

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

Note

The price has shown a downward mood over the day and I believe that we should expect a decline this week.
I expect the low at 1.06681 to be updated.

Note

Colleagues, I've redrawn the waves a bit to make it clearer. I am still waiting for the completion of the small wave "5", That the correction "2" would be completed.
Then I'm still waiting for the upward movement.

Note

Dear colleagues, the price has formed a gap and I think it will be closed very soon. Therefore, I am still waiting for a downward movement where I will look for a favorable point for long positions. Wave "2" should complete correctly.

Note

Colleagues, the price was at 1.07760. This means that I recommend that we should set trades to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
I expect the upward movement to continue, but there is a possibility that the price will still make a deeper correction.

Note

Dear colleagues, the price actively continued the upward movement, but now a correction to the area of 1.07300 is possible.
Therefore, I recommend to close some positions or should set trades to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Trade closed: target reached

Well done!

Hellena_Trade

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