Hellena | EUR/USD (4H): LONG resistance area 1.05281 (Wave 3).

6 בפבר׳

Colleagues, price has traveled a long distance and this could mean that price is moving in impulse. This means that the price is in wave “1” and now a correction is expected in wave ‘2’ (50% Fibonacci level 1.03264) and then I expect the upward movement to continue in wave “3” which will reach the resistance area 1.05281.

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

7 בפבר׳

הערה

At this point we can say that price is consolidating and I expect the most volatility by the middle of next week. Nevertheless, I see the price setting up to reach the end area of wave “2”.

10 בפבר׳

עסקה פעילה

Colleagues, I believe that wave “2” has completed its development and reached the level of 1.03000, so I expect the beginning of the development of wave “3” in the upward movement.

11 בפבר׳

הערה

Price is reacting to the 50% Fibonacci area and that means I expect a reversal soon.
Perhaps the price will go a little bit further under the influence of the bears. I'm talking about the 1.02500 level.

12 בפבר׳

הערה

The price has pushed off the support area perfectly and now I expect the upward movement to continue and consider only long positions.
The first target is the level of 1.04426 - the price needs to overcome the top of the wave “1”.

13 בפבר׳

הערה

I believe that it is possible to close some trades and after a small correction to expect an upward movement again. The level of 1.04426 is almost reached and after its breakdown I think that the price will definitely reach the target.

14 בפבר׳

הערה

Price continues to move up and I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
A correction is possible now, but even if it is deep enough, it does not change the target.

17 בפבר׳

עסקה סגורה: היעד הושג

Well done!