Dear Colleagues, price has strongly updated the low, completing wave 2. I suppose that the price can still make a small correction, but I put the target in the same place as last time - resistance area 81.85.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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Dear colleagues, perhaps the price will not test the support area 77.89 and will continue the upward movement, but I recommend to consider only long positions. The price is showing strong upward sentiment and is moving in line with the forecast.
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Dear colleagues, the price is testing the support area at 77.89 and I assume that the price may correct to 77.00. This does not mean that the forecast is canceled, I still assume price growth, but maybe wave 2 will be a little longer.
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As I suspected, the price has updated the low, but my forecast is still valid. I still believe that the price will start its movement to the target 81.85.
Trade closed: target reached
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Well done! Dear colleagues, I am closing a long position with a good profit.
is this still valid? where should we put the stop loss?
Hellena_Trade
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@ill_Hamid_ill, Hello! Of course I am. As I expected, the price made a new low. But I'm considering long positions! Put a stop according to your risk and RR. It's different for everyone. What's your RR?
g_counter
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Superior analysis.. Borne out by events of the last week... Excellent. Now.. Will the bulls achieve 85