Hellena | EUR/USD (4H): Long to the resistance area at 1.11551.

4 ต.ค. 2024

Colleagues, price made a strong downward move and I redrew the waves. At this point, I believe price has just now completed wave “4” and I believe price will start an upward movement. First of all I don't want to set the target too high.
The 1st target is the resistance area at 1.11551. This is the area where volume accumulations have been taking place. In any case, I do not recommend entering short positions now.


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

7 ต.ค. 2024

การซื้อขายยังคงดำเนินอยู่

Colleagues, the price has reached the support area at 1.09971. We saw a breakdown of this area and it means that bears are showing their serious intention to consolidate their positions. In this situation, I believe that for some time there will be a slight consolidation of the price in this area, then I expect the beginning of an upward movement. I hope it will happen this week!

8 ต.ค. 2024

การซื้อขายยังคงดำเนินอยู่

Colleagues, the price continued to update the wave “4”, so I allow the possibility of a new update of the low, but I still believe that the upward movement will start soon.

9 ต.ค. 2024

บันทึก

Colleagues, price is in a slight consolidation, but the longer price stays in this area, the stronger the exit will be. In order to implement the plan, price needs to update the level of 1.09971 and then I hope for a continuation of the upward movement.

10 ต.ค. 2024

บันทึก

Well, the price is still in a downtrend and the bears are still strong, but you know that all my thoughts are only on one position and the forecast is still active.

11 ต.ค. 2024

การซื้อขายยังคงดำเนินอยู่

Colleagues, price has been showing the strength of the bears all week, but now I see that the bulls have finally started resistance and today I would like to see the end of wave “4” that has been going down for so long. I expect the small wave “5” to end at 1.09001.

14 ต.ค. 2024

การซื้อขายยังคงดำเนินอยู่

Dear Colleagues, I believe that a good upward movement will still develop this week. Wave “4” is considered completed and the bears have noticeably started to cede their positions to the bulls.
From now on, I am again considering only long positions with the aim to reach at least the 1.1155 area.