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!
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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.
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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.
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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!
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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.
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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.
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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
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Well done! The price was below the support area but still came back to the target!
@nellaicloud4soft, she didn't ignore it. recheck the chat again. She was expecting the market to start its bullish movement from there or break it to go bearish a little further before correction.
Hellena_Trade
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@Orbit90, Exactly!) the price was going down too actively, usually it means that the price will go beyond 100% Fibonacci extension.
Hellena_Trade
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@nellaicloud4soft, In fact, 1.07966 just hits the 100% Fibonacci extension level. But the price was going down too actively, usually it means that the price will go further than 100%. But now everything possible happens in the markets, so I left the option that the price will go straight up.
Kaihan
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tomorrow on 28 March EURUSD will be up unexpectedly. at the time of USA Market
Orbit90
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@Kaihan, there will be an uptrend because there are still some gaps to be filled, but you can't predict the exact day it will happen. the market is unpredictable.
Hellena_Trade
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@Kaihan, It would be nice to see it start rising steadily as early as early next week)