Hellena | EUR/USD (4H): Short to the 1.00784 support area.

Jan 14

Colleagues, I think the downward movement is over. Wave “3” is just developing and it may be shorter or longer than we think, but we can be sure of one thing - the end of the five-wave movement will be lower than the minimum of 1.01753.
I believe that a correction to the 1.03442 area is possible, then I expect a continuation of the decline to the 1.00784 support area.

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

7 days ago

Note

Price is moving towards the resistance area. I believe that today the price will start to form patterns for reversal movement. But I think the region of 1.03442 will be reached.
I do not recommend buying, I recommend placing pending sell orders.

6 days ago

Trade active

Colleagues, the price reached the resistance area and the downtrend line (1.03442), then bounced sharply from them. From now on, I believe that the downward movement will be the priority.

5 days ago

Note

Colleagues, unchanged for now, I expect a downward movement. We may see it as early as today.

2 days ago

Note

I believe the downward movement will continue this week. The dollar is getting stronger.
Wave “3” has already started its development, as I believe.

21 hours ago

Trade closed manually

Colleagues, the price has started an upward movement, hinting that wave “5” is complete and a big correction has begun.
Well, this may be true, but in this case we need to save our trade and go to breakeven. Most people have entered a short position in the area of 1.03113-1.0344.
I am sure that the price will return to this area for correction, so here we need to close our trades with zero profit, saving our deposit.