Hellena | EUR/USD (4H): LONG to 1.17000 area (Wave 1).

Mar 5

The downward movement was quite confident, forcing us to reconsider the formation of the impulse.
As before, I believe that the upward impulse is not over and that what we saw was wave 2 of a higher-order correction.
This means that a large upward wave “3” is expected. I think it is just beginning to develop, and it is worth looking for the nearest targets, such as the resistance area at 1.17000.
The small wave “1” is just beginning to form.
The formation of a gap at the level of 1.18000 is also interesting.

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

Mar 10

Trade active

The level of 1.16547 has practically been updated.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).