Colleagues, I think the downward movement is over. Wave “3” is just developing and it may be shorter or longer than we think, but we can be sure of one thing - the end of the five-wave movement will be lower than the minimum of 1.01753.
I believe that a correction to the 1.03442 area is possible, then I expect a continuation of the decline to the 1.00784 support area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I believe that a correction to the 1.03442 area is possible, then I expect a continuation of the decline to the 1.00784 support area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
Price is moving towards the resistance area. I believe that today the price will start to form patterns for reversal movement. But I think the region of 1.03442 will be reached. I do not recommend buying, I recommend placing pending sell orders.
Trade active
Colleagues, the price reached the resistance area and the downtrend line (1.03442), then bounced sharply from them. From now on, I believe that the downward movement will be the priority. Note
Colleagues, unchanged for now, I expect a downward movement. We may see it as early as today. Note
I believe the downward movement will continue this week. The dollar is getting stronger. Wave “3” has already started its development, as I believe.
Trade closed manually
Colleagues, the price has started an upward movement, hinting that wave “5” is complete and a big correction has begun. Well, this may be true, but in this case we need to save our trade and go to breakeven. Most people have entered a short position in the area of 1.03113-1.0344.
I am sure that the price will return to this area for correction, so here we need to close our trades with zero profit, saving our deposit.
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✅ Free TELEGRAM channel: t.me/+3vRnN-6fQphiNDVi
🌅 INSTAGRAM: instagram.com/hellena_trader
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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.