Why Renko Chart?
I really found that The Renko Strategy was very valuable. If you’re looking for something powerful that isn’t overly complex, whether you’re a beginner or an expert, then the Renko Forex Trading Strategy is just the thing. Not only are its results assured, but the manner in which it executes makes it a clear frontrunner in terms of being simple yet effective.Now the Renko forex trading is a highly profitable 100% mechanical system that seeks to put you on the right side of the market most times. Trust me when I tell you: Renko Strategy is completely different from everything that you might be used to.
Renko charts are used to determine the following about:
(a) Easy identification of support and resistance lines.
(b) Easy identification of continuation patterns such as triangles.
(c) Identification of reversal patterns such as head and shoulders, triple tops, double bottoms and other classically accepted reversal patterns.
(d) Discovery of trends and their reversals that cannot be “seen” on a PPS chart.
(e) Refine our abilities to daytrade/swing a chart as to build up our accounts.
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