Hellena | EUR/USD (4H): Long to the resistance area at 1.08501.

מעודכן
Dear colleagues, it seems that the price is not stopping after all and continues the downward movement. At the moment, I expect that wave "2" of the higher order will end and a strong upward movement in wave "3" will begin.
The nearest target is the resistance area at 1.08501.
The support area is 1.06356.

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הערה
The price has shown a downward mood over the day and I believe that we should expect a decline this week.
I expect the low at 1.06681 to be updated.
הערה
Colleagues, I've redrawn the waves a bit to make it clearer. I am still waiting for the completion of the small wave "5", That the correction "2" would be completed.
Then I'm still waiting for the upward movement.
תמונת-בזק
הערה
Dear colleagues, the price has formed a gap and I think it will be closed very soon. Therefore, I am still waiting for a downward movement where I will look for a favorable point for long positions. Wave "2" should complete correctly.
הערה
Colleagues, the price was at 1.07760. This means that I recommend that we should set trades to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
I expect the upward movement to continue, but there is a possibility that the price will still make a deeper correction.
הערה
Dear colleagues, the price actively continued the upward movement, but now a correction to the area of 1.07300 is possible.
Therefore, I recommend to close some positions or should set trades to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
עסקה סגורה: היעד הושג
Well done!
תמונת-בזק
Chart PatternselliottwaveideasEURUSDForexforexsignalshellenahellenatradeTrend AnalysisWave Analysiswavetheory

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