salsapete
Short

Gold Renko Short

FX_IDC:XAUUSD   GOLD / US DOLLAR
94 1 2
Trade Gold             if :

1. The upper trendline holds beneath 1345.
2. Breakout to downside.
3. Retest of lower trendline for resistance.
4. Renko confirmation of 2 reversal bricks.

Then

1. Short with target aiming for prior swing low.
2. Stop loss above initial reversal brick.

Related Ideas

Olu
2 months ago
Thanks for the idea. I have just recently been following Renko and glad to see your application of its principles
Reply
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