Hellena | EUR/USD (1H): Short to support area 1.08769.

Jan 7, 2024

Dear Colleagues, the price is still flat. I assume that the price will continue to decline, because the price is in a large wave 2 of the higher order. The nearest target is the support area at 1.08769.

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

Jan 9, 2024

Note

The price has reached swing area 1.09629, now I consider only short positions. Targets remain the same - support area 1.08769.

Jan 10, 2024

Note

Dear colleagues, as I expected the price gave us an opportunity to enter the swing trade profitably. Now the price is in the area of 1.09282. I suppose that it is necessary to put the trade to breakeven and keep short positions with the aim to reach the target of 1.08769.