Hellena | EUR/USD (4H): Long to Resistance area 1.06898.

9 dic

Dear Colleagues, I see a continuation of the upward movement in the coming week.
I believe that wave “1” and wave “2” of the higher order have been completed. Wave “2” of the lower order is either already completed or will be completed soon. I expect that either from the current positions or from the area of 1.04850 the price will start an upward movement to the resistance area of 1.06898.

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

10 dic

Nota

Friends, the price is flat, but the plan remains the same - I expect the upward movement to continue.
Now it is difficult to say when the movement will start, but I assume that the correction to the level of 1.04850 is still possible.

11 dic

Nota

Colleagues, it looks like the price has reached the area of 1.04850 and now we need to look out for long positions! Although the price can still slightly update the local minimum and go a little further into the 1.04850 area.

12 dic

Operación activa

Price has reached the 1.04850 support area, but at this point we need to make sure that price pushes back from this area. I would like to see a Pin-Bar type pattern.
In any case, I think that from now on it is better to look out for long positions, even if the price reaches the 1.04000 level - it will still be a correction that will give us a chance to profitably enter a long trade.

13 dic

Nota

Friends, the price has updated the low of 1.04610 and it means, as I wrote earlier, that the price is updating the wave “2”. This means that I expect to reach the area of 1.04000 and then start an upward movement.
All this time the price was forming a combined correction.

16 dic

Nota

Friends, the price is in the support area at 1.04850 and I see that only long positions should be considered now, even if the price updates the low of 1.04500.
The priority movement is upward. Therefore, you can place pending limit orders.

17 dic

Nota

Colleagues, the price is forming patterns on the upside, such as the Pin-Bar on the 4-hour chart, but the most important thing is that the price has not yet stepped confidently outside the support area. For this reason, I am waiting for an impulse in the upward movement and after that I will be confident in the upward movement.