Hellen's thoughts

[Hellena Trade]

#EURUSD
🔔(UPDATE)EUR/USD (4H): LONG to the resistance area 1.18280.
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➡️The price has reached the support area of 1.15459, but I think this level may be retested.
Either way, I think we will soon see the start of an upward movement in wave “5.”

 

[steven46]

Hello Hellena

I hope all is well with you. I wanted to ask if you find that there is any seasonal impact to
how your system performs during summer months?

 

[Hellena Trade]

#GOLD
✔️🥇 GOLD (4H): LONG to resistance area of 3397 (Wave 3).
Well done!

 

[Hellena Trade]

Hello Hellena

I hope all is well with you. I wanted to ask if you find that there is any seasonal impact to
how your system performs during summer months?

Hello! Thank you, I'm fine, I hope you are too!

Around the middle of summer, I often have to change the medium waves. Where there should be 5 small waves, there are often 5 medium waves, because for some reason the corrections become larger.

I can't say that this happens all the time, but I've noticed it several times. At the same time, the direction of movement remains the same, but the corrections significantly change the picture — the support area changes, and this looks bad in the forecast.

That's basically it. But sometimes the correction turns into a combined. However, this phenomenon occurs constantly and does not depend on the season.

 

[Hellena Trade]

#EURUSD
(UPDATE)EUR/USD (4H): LONG to the resistance area 1.18280.
➖➖➖➖➖➖➖➖➖
⚡️The price broke through the 1.17606 level.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

 

[Hellena Trade]

#GOLD
🥇 GOLD (4H): LONG to resistance area of 3498 (Wave 3).
➖➖➖➖➖➖➖➖➖
➡️The price continues to move in a bullish direction, and I believe that now is the time to pay attention to the medium-term wave “3.” It is actively developing, and I believe that the target should be set at the maximum area of the higher-order wave “3” — the resistance area of 3498.
This is the nearest target, which carries significant weight.
Overall, the upward five-wave movement is developing according to the old scenario.