Hellena | EUR/USD (4H): Long to resistance area at 1.08787.

Dear Colleagues, for the last 3 weeks the markets have been in a volatile state, but I redraw the waves every time.
I assume that the price has finished or is finishing wave "C". If the price has not finished wave "C" yet, I expect it to end in the support area at 1.07665.
At the moment I suppose that in the coming week there will be a correction to the area of 1.08787.

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

Comment:

Dear colleagues, I recommend to set trades to breakeven or close part of positions, because it is quite possible that wave "C" will still continue downward movement in the form of a five-wave movement.

Comment:

Dear colleagues, I suppose that we should close positions after a small upward correction to the level of 1.08400. The price has probably already started moving in wave "C", so I recommend to profitably close some positions or set trades to breakeven. I believe that the price will give us an opportunity to go long again.

Comment:

Colleagues, it looks like price intends to update the low of 1.08023. I am closely watching the price behavior. My goal is to determine the best entry point for a long position!

Comment:

Surprisingly, the price touches the support area of 1.07665 for the second time.This may mean that the price intends to break this area. I suppose we need to watch the price a bit more, because the price may go even lower.
But I still consider only long positions.

Comment:

Colleagues, price may update the low of 1.07677 in the coming week. It is possible that the price will reach the level of 1.07250. But I don't recommend looking at short positions. Waves often update their highs and lows. My target is still in the area of 1.08787.

Comment:

Dear colleagues, the forecast is still very much active! The price intends to take the target of 1.08787! If you have taken positions, I recommend to put them to breakeven.
I suppose that the price will make a correction and reach the target!

Trade closed: target reached:

Well done! The price was below the support area but still came back to the target!