Hellena | EUR/USD (4H): LONG to the resistance level of 1.03609.
Colleagues, the situation on the markets is quite complicated. Now we are witnessing a period of complex combined corrections and lengthening waves. But it is also possible to analyze it.
At the moment I expect the big gap to close and reach the resistance level of 1.03609. We all know that gaps usually close.
This will be a correction in wave “2”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
At the moment I expect the big gap to close and reach the resistance level of 1.03609. We all know that gaps usually close.
This will be a correction in wave “2”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
The gap is closed and the price has reached the target!
But I think we should wait for a correction to the area of 1.01484 because it means a movement in wave “3”.
Trade closed: target reached
At this point you can safely take your profit, but I repeat - the price may return to the area of 1.01484, because the descending wave “3” is expected.
Perhaps I will update this very idea for some time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.