Hellena | EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710.

4 giu 2024

Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”.
I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high.
I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710).
Then we will see what will happen next.

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

5 giu 2024

Nota

I believe that the price continues corrective movement in wave “2”. I expect an update of the low of 1.08590. Then I will consider long positions!

6 giu 2024

Nota

It is quite possible that wave “2” has already been formed and now the price will move exclusively towards the target of 1.09710.
Of course, there is still a chance to update the low until the maximum of wave “1” 1.09159 is updated.

7 giu 2024

Nota

The price is holding in a certain range and we should not expect the scenario to be completed this week.
Although today the price is able to get out of the flat and update the nearest low or high.

9 giu 2024

Nota

Dear colleagues, the news has affected the price a lot, but it's not all bad!
I believe that the price can still update the low of 1.07893 and it will be wave “2”. (as a variant of events).
Therefore, I continue to keep the forecast and I think that now is the time to look for long positions!
Targets for the coming week remain 1.09710.

11 giu 2024

Nota

Colleagues, despite the fact that the price has moved down strongly I still believe that the price will rise to the area of 61.8% Fibonacci level. Let's take this fall as an opportunity to enter a long position more favorably.