Hellena | EUR/USD (4H): Short to Support area 1.02539.

20 dic

Dear Colleagues, due to the recent sharp price movement, I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order.
I expect that the price should update the nearest local minimum of the wave “3” 1.03350.
I expect the price to reach at least the area of 1.02539.

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hace 7 días

Operación activa

I think the resistance area has been reached and it is worth looking at short positions. Wave “4” should complete its movement, I expect wave “5”.

hace 4 días

Nota

Dear Colleagues, the price reached the resistance area earlier and at the moment continues to decline. I think that wave “4” is formed and we see the formation of wave “5” of lower and higher order.

hace 3 días

Nota

Friends, if to mark the waves more accurately, I see here the beginning of the descending wave “3” lower wave.
Therefore, I think that the downward movement will continue and at the end of the trading week we will see an update of the level 1.03835.

hace 6 horas

Nota

Colleagues, the euro plan has not changed. As before, I expect the beginning of the downward movement with the aim to complete wave “5” and reach the area of 1.02539.

hace 6 horas

Nota

Friends, this week I think price will start a downward movement. The area of 1.04181 has been reached 2 times and someone can interpret this event as a double top pattern.
In principle, I don't mind because it doesn't contradict my plan.
The most important thing is to update the level of 1.03450.