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
Comments
AusDoc
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Good integration with Renko. And when the timing is right, it's right. :)
hopiplaka1
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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 :)
hopiplaka1
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Closing the trade for a little less than 100 pips because of a renko support line, and a bullish order block
AusDoc
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Good chunk of a nice move. Great trade: analysis, planning, execution and management.