Hellena | EUR/USD (4H): Long to resistance area 1.08877.
Updated
Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier.
I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area of strong resistance.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area of strong resistance.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
Dear Colleagues, the price went in the right direction, but I still expect the low of 1.07888 to be updated, even then we will be able to find the most profitable entry point into a long position.Trade closed: target reached
Well done!Note
And the price reached the resistance area again, then broke through it. This means that in the new forecast I will continue to write about the continuation of wave “3”.
✅ 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.