Long

Hellena | EUR/USD (4H): Long to resistance area at 1.08787.

Updated

Dear Colleagues, for the last 3 weeks the markets have been in a volatile state, but I redraw the waves every time.
I assume that the price has finished or is finishing wave "C". If the price has not finished wave "C" yet, I expect it to end in the support area at 1.07665.
At the moment I suppose that in the coming week there will be a correction to the area of 1.08787.

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

Note

Dear colleagues, I recommend to set trades to breakeven or close part of positions, because it is quite possible that wave "C" will still continue downward movement in the form of a five-wave movement.

Note

Dear colleagues, I suppose that we should close positions after a small upward correction to the level of 1.08400. The price has probably already started moving in wave "C", so I recommend to profitably close some positions or set trades to breakeven. I believe that the price will give us an opportunity to go long again.

Note

Colleagues, it looks like price intends to update the low of 1.08023. I am closely watching the price behavior. My goal is to determine the best entry point for a long position!

Note

Surprisingly, the price touches the support area of 1.07665 for the second time.This may mean that the price intends to break this area. I suppose we need to watch the price a bit more, because the price may go even lower.
But I still consider only long positions.

Note

Colleagues, price may update the low of 1.07677 in the coming week. It is possible that the price will reach the level of 1.07250. But I don't recommend looking at short positions. Waves often update their highs and lows. My target is still in the area of 1.08787.

Note

Dear colleagues, the forecast is still very much active! The price intends to take the target of 1.08787! If you have taken positions, I recommend to put them to breakeven.
I suppose that the price will make a correction and reach the target!

Trade closed: target reached

Well done! The price was below the support area but still came back to the target!

Hellena_Trade

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