Hellena | EUR/USD (4H): Long to resistance area of 1.07923.

Dear Colleagues, I suppose that the price has completed the correction and is now in an impulsive movement. Presumably in wave “3”, which means that the upward movement will continue. A small correction to the support area of 1.06595 is possible, then I expect the price in the resistance area of 1.07923.

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

Comment:

Colleagues, the price is quite confidently going to the target 1.07923. I assume a small correction and continuation of the upward movement.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Comment:

Colleagues, in the coming week I expect the upward movement in wave “3” to continue. I assume that the level of 1.06741 will not be updated.

Comment:

The price makes small corrections, but this does not affect our plan in any way. It is quite possible that the price gives a chance to get into a long position again.

Comment:

Dear colleagues, the price touched the support area at 1.06595 and at the moment I still expect the upward movement to continue towards the target of 1.07923.

Trade closed: target reached:

Well done!