hopiplaka1
Short

Shorting the EURUSD B2OB - renko style

FX:EURUSD   Euro / U.S. Dollar
120 4 0
Building on the idea of yesterday it's time to short the EURUSD             .

DXY             price closed the weekend gap and bounced off nicely of the support line.

Price hit the renko resistance line, broke and confirmed market structure (the B2 part) and went straight into an order block (the OB part) .
Take profit at the previous swing low around 1.2440
Good integration with Renko. And when the timing is right, it's right. :)
Reply
Thanks AusDoc,

I'm going to limit the trade setups to this style of trading for a couple of weeks.
Find a nice renko SR level on the 1H or 4H, wait for break 1/break 2 back into order block setups.

If I can find one setup like this which renders a r/r of 3 for 2 or 3 times a month I'm a very happy man indeed :)
Reply
Closing the trade for a little less than 100 pips because of a renko support line, and a bullish order block
Reply
AusDoc hopiplaka1
Good chunk of a nice move. Great trade: analysis, planning, execution and management.
Reply
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