Hellena | EUR/USD (4H): Short to support area at 1.05183.

Dear colleagues, I assume that the price will continue the downward movement and will soon reach the area of 1.05183.
This movement will be a wave “C” of the higher order.

The most important thing now is to understand where exactly the downward movement will end, because if you look at the daily timeframe, the price is still in a major upward movement, so after reaching the target, I will look for long positions.

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

Note

Colleagues, after last week's strong move, price is not very volatile, but I think the lower order wave “2” should take place. I still expect the level of 1.07000.

Trade active

Colleagues, the price has almost reached the target! But I believe that the minimum will be updated, so I will close only a part of positions and will wait for the continuation of the decline.
Also, if you are going to hold positions, I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Trade closed: target reached

Well done!
The goal has been reached! But I believe that wave “C” is not yet finally formed. I will analyze again, but it seems that the price will still update the low of 1.04922

Hellena_Trade

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Hellena | EUR/USD (4H): Short to support area at 1.06749.

by Hellena_Trade

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Hellena_Trade

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