Colleagues, I believe that wave “5” of higher order has actively started an upward movement.
At the moment I see movement in wave “1” of medium order and it means that a correction in wave “2” to the area of 50% Fibonacci level (1.12434) is expected. But I would still advise to consider only upward movement and use pending limit orders.
I see the maximum of wave “3” - resistance area 1.15691 as the target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
At the moment I see movement in wave “1” of medium order and it means that a correction in wave “2” to the area of 50% Fibonacci level (1.12434) is expected. But I would still advise to consider only upward movement and use pending limit orders.
I see the maximum of wave “3” - resistance area 1.15691 as the target.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Colleagues, the price has reached the support area of 1.12434, and at the moment, I am beginning to look at long positions.It is quite possible that wave “2” has not yet fully formed and the price may reach the level of 1.11500, which means that it is necessary to work with pending limit orders.
Note
Price is updating the 1.14207 level and this means that going forward and in the coming week I expect an upward move towards the target. Wave “3” continues to develop.Note
Dear colleagues, price is in a slight flat, but I remind you that I expect an upside breakout to our target. Wave 3 should be completed.Note
Now the situation is low-volatility in all markets, so the price does not update the highs of wave “3” for so long. Still, in the coming week I expect the upward movement to continue with the renewal of 1.14180 level.Note
➡️The price has updated the level of 1.14935 and is heading towards the target. I believe that it is possible to close some positions and get some profit, and you should definitely set trades to breakeven. (Breakeven=Risk Free: Move Stop loss to the entry level).I believe that the target will be reached soon.
Trade closed: target reached
Well done!
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✅ Free TELEGRAM channel: t.me/+3vRnN-6fQphiNDVi
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.