Hellena | EUR/USD (4H): Long to resistance area at 1.08843.

Dear Colleagues, I believe that the price is in the impulsive movement of the senior wave “3” and in the junior corrective wave “2”.
Therefore, I expect the price to correct to the area of 50% - 61.8% Fibonacci levels at 1.07217, then I expect the upward movement to continue and reach the resistance area at 1.08843.

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

Comment:

Colleagues, the price is moving towards the support area at 1.07217. After reaching this area, I expect the beginning of the upward movement. I remind you that I do not recommend entering short positions and consider only long positions.

Comment:

The price pushed from the area of 50% - 61.8% Fibonacci levels at 1.07217 and started an upward movement. I believe that it will continue, but we should be careful and after updating the local maximum at 0.08127, we should set trades to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Comment:

Dear Colleagues, in the coming week I expect the upward movement in wave “3” to continue. The main thing is to renew the local high of 1.08127.

Comment:

When overcoming 1.08127 I believe that the price will reach the target this week, but as soon as the price passes this high I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Comment:

The price has passed the level of 1.08127! So now I expect the scenario to be completed already this week!
But a small correction is possible before the next upward movement.

Trade closed: target reached:

Well done!