Hellena | EUR/USD (4H): Long to the 100%-161.8% Fibo lvl 1.13296
Updated
Colleagues, I reviewed the waves a bit and realized that the upward movement is likely to continue. At the moment I believe that the price is in wave “3” lower wave and in wave “5” higher wave.
Therefore, I think that the nearest target is in the area of 1.13296, which is 100%-161.8% of Fibonacci extension levels.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Therefore, I think that the nearest target is in the area of 1.13296, which is 100%-161.8% of Fibonacci extension levels.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Colleagues, the price is still not showing strong movements, but I expect the price to confidently continue its upward movement this week. Trade active
Colleagues, the price attempted a deep correction to the level of 1.10791. The most important thing is not to update the level of wave “2”, because we will have to redraw the waves.
At the moment, I expect the price to start an upward movement towards the targets.
Trade active
Colleagues, price has updated the nearest local high of 1.11878, but has not updated the strong resistance level of 1.12021. I believe that the update of the nearest local high is a great pattern for further upward movement.
I believe that the price will continue the upward movement!
Trade active
Colleagues, I believe that the level of 1.10842 will not be reached again and the price will continue its upward movement to the target.
The level of 1.12021 has been updated, so I think the highs will be updated again.
Trade active
Colleagues, the current assumption is that price is consolidating into a triangle. If we consider this pattern, we can say that the price usually goes to the side it was moving to before the triangle.
This means that I expect an upward movement to the target. It is necessary to update the level of 1.12144, which is the nearest local resistance level.
Trade active
Colleagues, the price continues to consolidate within a small range. This week I assume that the level of 1.12154 will be updated and the price will continue its upward movement.
After reaching the level of 1.12472 I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade active
Dear colleagues, consolidation continues. The range 1.12134 - 1.11221 was broken and I think it could be a false breakout. In any case, the forecast is still valid!
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