hopiplaka1
Short

Shorting the EURUSD B2OB - renko style

FX:EURUSD   Euro Fx/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
Closing the trade for a little less than 100 pips because of a renko support line, and a bullish order block
Reply
AusDoc hopiplaka1
2 years ago
Good chunk of a nice move. Great trade: analysis, planning, execution and management.
Reply
AusDoc
2 years ago
Good integration with Renko. And when the timing is right, it's right. :)
Reply
hopiplaka1 PRO AusDoc
2 years ago
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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out