Euro / Dollar Américain
Long
Mis à jour

Hellena | EUR/USD (4H): LONG resistance area 1.05712 (Wave C).

1022
Colleagues, I expect that price has not yet completed the upward movement. Judging by the nature of the last waves - this is a big correction “ABC” and at the moment wave “C” should update the maximum. Therefore, I expect to reach the area of 1.05712.

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Transaction en cours
Colleagues, the price has reached the support area at 1.04046 and now I believe that only long positions should be considered. Wave “4” has either ended or is ending, which means that we should expect the beginning of the upward movement.
Note
We see a solid bounce from the support area. This may mean that the top of the wave “3” high at 1.05150 may be broken soon and then we should set trades to breakeven.
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Dear colleagues, this week, after overcoming the level of 1.05150, I believe that the price will continue the upward movement, but I recommend you should set trades to breakeven or close some positions.
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The price is correcting towards 1.04500, but I believe that the level of 1.04046 will not be updated and the price will continue the upward movement.
The thing is that the wave “5” also consists of 5 waves and now we see their formation.
Note
Well. There's no change here - I'm still waiting for goals to be met and holding positions. I remind you that you should set trades to breakeven.
Note
During this week the price formed a small flat, the exit from which will definitely take place, but it is not sure that before the end of this week. The channel boundaries are the areas 1.04524 - 1.05295. I believe that the breakdown of this channel will mark further movement.

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