Seeing the Trend without Forex market noise is the goal of every trader. Too many times, traders get head-faked by the twists and turns of price action. Renko bar charts can filter out the whipsaws and intra-market volatility to reveal trend direction. Adding a moving average can help spot and confirm entries and exits revealed with Renko bars.
Trends often continue much longer than expected and have become a mainstay for many trading systems looking to stay on the right side of the market.
Trends often continue much longer than expected and have become a mainstay for many trading systems looking to stay on the right side of the market.
The GBPUSD has moved as much as 346 pips lower during the month of October. Learn Forex trading tips to trade breakouts with the trend!
The GBPUSD has moved as much as 346 pips lower during the month of October. Learn Forex trading tips to trade breakouts with the trend!
Using forex technical analysis we can identify which direction to trade the Dollar currency basket. Find out why in this report.
Using forex technical analysis we can identify which direction to trade the Dollar currency basket. Find out why in this report.
While traders have used line, bar and candlestick charts to gain better insights into price action, another type of chart could be even better. Renko charts can give traders a purer view of price action free of the dimension of time to easily identify trends.
While traders have used line, bar and candlestick charts to gain better insights into price action, another type of chart could be even better. Renko charts can give traders a purer view of price action free of the dimension of time to easily identify trends.
A trading range is like a battlefield and when resistance breaks and becomes support you now know who’s winning the war and can enter a trade.