Hellena | EUR/USD (4H): Short to 100% Fibo extension 1.05684.
Dear Colleagues, Last week the price fell a lot, which prompted me to revise my wave analysis. Now the price is in a prolonged and complex correction, so I believe that the price will reach the area of 100% Fibonacci extension 1.05684. This will be the completion of small wave "c".
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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The price made a small correction, then continued its downward movement. I expect the price to reach the target today! Don't forget to set your trades to breakeven.
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Dear Colleagues, the price continues downward movement and I expect an update of the local low of 1.06019. Wave "c" is expected at the previous target of 1.05684.
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Dear colleagues, from now on I consider only short positions. The price has reached the area of 1.06781, which means that there is one wave left to complete wave "c".
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Colleagues, price has not yet updated the low of 1.06019, but I think it will do so for the current day. In any case, I expect the scenario to continue.
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Colleagues, I expect the downtrend to continue in the coming week. Perhaps the price will start a downward movement from the opening without updating the maximum of 1.06900.