Hellena | EUR/USD (4H): Long to the resistance area 1.11587.
Updated
Dear colleagues, in the last forecast I counted on the fact that wave “2” is completed, but now it is clear that it is not.
I think that the price will complete wave “2” in the area of 100% - 161.8% Fibonacci extension levels. This is the range of 1.09788 - 1.08690.
But from here I hope to see the beginning of the upward movement in wave “3”, because I still want to see an update of the highs and the nearest target is the resistance area at 1.11587.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I think that the price will complete wave “2” in the area of 100% - 161.8% Fibonacci extension levels. This is the range of 1.09788 - 1.08690.
But from here I hope to see the beginning of the upward movement in wave “3”, because I still want to see an update of the highs and the nearest target is the resistance area at 1.11587.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Colleagues, today the price showed a slight increase, but I still believe that the downward movement will continue.
I expect to update the level of 1.10159 and reach the area of 1.09534.
Trade active
Colleagues, the price continues downward movement and is already close to the support area 1.09534 and I believe that soon we can look for long positions, because the wave “2” must end to start the long wave “3”. Trade active
It is quite possible that wave “2” is completed and wave “3” is starting. This means that despite the fact that the level of 1.0953 was not reached, the main direction of the forecast is a long position, so I expect the continuation of the upward movement after the correction. Trade active
Colleagues, the price is confidently going towards the target 1.11587, but I believe that a small correction to the area of 1.10550 will take place. Then I expect a continuation of the upward movement to the target. Trade active
Dear colleagues, the price has almost reached the expected area of 1.115817.
I believe that this area will be reached even if another correction takes place.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade active
As a reminder, I expect a small correction and then an upward move back to the target.
Of course we can say that the forecast came true, but I would like to see the price even higher. I expect the price to reach the target this week.
Reminder: I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade closed: target reached
Colleagues, the price has confidently reached the target!
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