Hellena | EUR/USD (4H): Short to support area is 1.04000.

I assume that the price will continue to move in a sideways movement. The resistance area is 1.06121, support area is 1.04000. I expect movement to the support area and consider only short positions.

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Comment:

Things change a little bit over time. I believe that the price will go lower, but probably will not renew the minimum. I assume that it is quite possible that the idea will be closed early in the area of 1.05000.

Comment:

price is in a strong resistance area at 1.06121. In case of a strong breakout of this area I will consider that the idea has not worked out, but reaching the level of 1.06400 is possible and a strong breakout is not considered.

Comment:

Dear colleagues, the price is in the resistance area. world events have strongly affected all pairs, so I believe that the price will start to decline, but not as low as I thought. about 1.05440 - the area of 50% Fibonacci level.

When this area is reached, it will be necessary to close the position, or transfer the deal to breakeven.

Comment:

Well, the big question is whether to shut down the idea or wait for tomorrow?😉

Trade closed: target reached:

Dear Colleagues. I thought for a long time what to do with the Euro idea and came to the conclusion that it is better to close short positions with a good profit at 1.05434.
From Monday there will be new fresh ideas!