Τετάρτη, Μαΐου 09, 2007

EURUSD HOURLY CHART -renko


Target near 1.3520 as 100 pips about mentioned in previous posts from 1.3620 area has been reached.

It was a Renko Chart target as well as in the chart shown.

We are at 1.3540 at the moment making a reactive four wave.

If 1.3575/1.3585 this wave reach , then another wave down as five to the near 1.3520 area will follow to complete the structure.

But if the wave four is too short not to overcome 1.3540 then five is going to be at 1.3450.

Watch the retrc's in the chart.

Press Hourly Chart to Enlarge.

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