04/05/2020(dd/mm/yyyy)
Today eurusd failed to go up and continue uptrend so could not take any longs and no trades on this pair. However there is a new renko system that has been designed by a fellow trader and I like it and am following it.
With the new renko charting system/trading system I have taken on usdcad trade and took 18 pip profil. Here is the trade,
Also eurusd seems cannot reach todays daily s2. Reason being the following, 61.8 and Monthly pivot point., also see the 138.2 wave completion so far.,
eurusd wave completion at 138.2 so far, Pls. note to take the final ending I always start at the First move of the Expansion wave not the very first wave...that is the rule!! and norms,,
Lets see how it pans out at the end. Usually eur reach s2 and some...but in rare cases it may not do that...will see.
Please checkout this weakness in usdchf to breakthrough 50% fib. Look closely at the candle wicks at and around 38.2% ~ 50% fib. level of last downwave. Which in turn signals that usdchf shall move further down and eurusd should go up finally...Lets see how it pans out...We are waiting for Nonfirm employment report and expiry of eur options at about 9 pm BDT(Bangladesh Time)...
So at the end eurusd and usdchf pushed through and touching(almost ) the critical support, It may move up(eurusd) and usdchf(down) from this area of confluence of all important levels. Must keep and eye here for future trades!!,
Today eurusd failed to go up and continue uptrend so could not take any longs and no trades on this pair. However there is a new renko system that has been designed by a fellow trader and I like it and am following it.
With the new renko charting system/trading system I have taken on usdcad trade and took 18 pip profil. Here is the trade,
Also eurusd seems cannot reach todays daily s2. Reason being the following, 61.8 and Monthly pivot point., also see the 138.2 wave completion so far.,
eurusd wave completion at 138.2 so far, Pls. note to take the final ending I always start at the First move of the Expansion wave not the very first wave...that is the rule!! and norms,,
Lets see how it pans out at the end. Usually eur reach s2 and some...but in rare cases it may not do that...will see.
Please checkout this weakness in usdchf to breakthrough 50% fib. Look closely at the candle wicks at and around 38.2% ~ 50% fib. level of last downwave. Which in turn signals that usdchf shall move further down and eurusd should go up finally...Lets see how it pans out...We are waiting for Nonfirm employment report and expiry of eur options at about 9 pm BDT(Bangladesh Time)...
So at the end eurusd and usdchf pushed through and touching(almost ) the critical support, It may move up(eurusd) and usdchf(down) from this area of confluence of all important levels. Must keep and eye here for future trades!!,
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