Hellena | EUR/USD (4H): Long to the resistance area 1.12998.

Aug 26

Dear Colleagues, In the last forecast I expected a deeper correction, but it didn't happen. Well, so the price is in a strong bullish movement and at the moment I expect the price to complete wave “3” and start a small correction in wave “4” 1.10671, then I expect the resumption of the upward movement and the beginning of wave “5”, which will update the maximum 1.12331 and come to the resistance area 1.12998.

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

Aug 28

Trade active

Colleagues, at the moment the price is not showing proper activity and I can assume that by the end of the week the correction will still develop.
I expect that wave “4” (1.10671) will give an opportunity to go long.

Aug 30

Trade active

Colleagues, Price has reached the support area at 1.10671. From this point I expect the price to rise. I consider only long positions. Probably wave “4” is either completed or will be soon.

Sep 2

Trade active

Dear colleagues, the price has reached the support area. Now we need to closely follow the price movement. I expect the beginning of the upward movement to the targets.

Sep 4

Trade active

I still believe that long positions should be considered. I believe that the price will still start an upward movement before the end of this week. I expect to see the price at least at 1.11450.

Sep 6

Trade active

I believe .that the upward movement will continue and I expect to see the price in the area of 1.11800 level then I will recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Sep 9

Trade active

Colleagues, this week I am hoping for an update of the local high of 1.11551, after which I expect the upward movement to continue.
But if it doesn't happen and 1.10279 is updated, then I allow the scenario to be canceled. In this case, the price will reach 1.12998 a little later than I thought, and the correction will be deeper.