Here are 5 effective ways to profit from Renko reversal in Forex
There are complications to this the first edge here the renko reversal is basically where on the renko chart when you see a pattern that looks like this right so the market is going down and then it hits a pivot point level and it reverses perfectly depending on your settings on your forex renko reversal.
Here are 5 effective ways to profit from Renko reversal in Forex
This is really for traders because we’re going fast depending on your forex renko reversal settings, this box is going to create an opportunity for you to get in here on buy and then lift this market nicely, so this reversal now is more of a continuation than just a pattern where the market has been declining for some time, We got two different boxes, the market goes down and gives, we make a reversal brick and then it continues.
Ideally here is where we want to sell, there is now a video called Renko Reversal Project in Forex on this blog, you can check it out Renko Reversal in Forex very simple candlestick pattern we talked about in the last article we talked about Do we have our market at resistance And support.
Find Renko Reversal Patterns in Forex at Resistance
Ideally, we’re looking for renko reversal patterns in forex at resistance and special patterns at a support surge, now these candles when they break down on the chart look a little different, because that’s a really basic candlestick pattern, so if you don’t know any of these, you should Identify an engulfing candle very quickly.
All this is a two-candle design that flags an inversion so preferably this is to help you have an overwhelming flame which implies the body of this candle immerses the past light and afterward it goes up this is the pattern so you have it done in this brief time frame until the following one Where an exchange is protected.
Follow Trade with Renko Reversal in Forex
I was following our trade with Renko reversal in forex, I was struggling through our content pipeline, and I was saying hey, we haven’t been posting any trading videos this week as much as I would like.
I might like to mix up the content to make sure we’re providing enough practical knowledge, educational stimulation, actionable items, things you can use, and information about our training programs, and then take a look at the charts of course we’re in the same trade and that’s why trading in them should be my opinion boring.
External Trading in Renko Reversal in Forex
That’s what this offshore trading article is about, and it should be quite boring by now, here’s what we’ve done over the last four to six weeks with the US dollar, and I can tell you that without even looking at the chart that we saw.
It could break the chart and that was the trigger handle according to my Forex Renko Reversal which I teach in our ultimate training and the ultimate Blue Print, ultimate chart course as well.
Renko reversal chart in Forex
So we know the way to enter the market to maximize your forex swing trade so you can hold your trades overnight we entered the 22nd rollover so for about two weeks around the 4th and 5th there was a bearish and galvanic candle pattern on the same chart on the chart Daily.
So that pulled back again and then last week on Friday again, I can’t even look at the chart, you can look at the chart last week on Friday, and we were back down to about 18 points and some change on buy to bring the market back. To the top.
Driving the market higher with a Renko reversal in Forex
And now it is currently at a renko reversal in forex, so this is what we do we lead the market up, pause down, no didi, the market can only go on, let me get back on track, the market is directional, it goes up and down.
And so we look for opportunities to take reversal patterns if you’re interested in swing trading or even if you take the information and you lower the time frame, let’s just say you go down to 4 hours, so you’re thriving, you’re looking for your edge whatever your edge is, I’m teaching Three different trading edges and it’s very simple.
Is there a monitoring of Renko reversal in Forex?
It’s not, there’s no gatekeeping, I can tell you exactly what the edges are I’ve already told you technically two of them so the engulfing candle I say two because I’m thinking about the downtrend and the uptrend right?
So technically there are two candlestick patterns and then the double top and the double bottom, so technically that’s four trends but I consider that one edge, so an engulfing candle is one edge, and then the double top and the double bottom technically.
I take it as one, and then our Gucci project is our third edge saying all that to say why do we have to say that phrase, we don’t need it, let’s cut it, this is what your trading should be, it shouldn’t be this thing that you derive from In my mind when I was getting the excitement from the Forex market.
Summary
Yes, those days are exciting and fun but at the same time every day, no, that’s not what I want to do right, getting to a point where my trading income can do what it needs to do without me wandering around in my charts all day is… The main thing is that while Forex trading should be boring I believe it should be boring, life outside of trading should be more exciting.