This advanced renko trading strategy uses three different indicators. It allows you to pick key price moments within a trend. As a result, you are trading with the trend. This advanced renko trading strategy allows you to trade at the strongest point in the trade. it requires a bit of practice but is easy to understand.
The USDJPY has practically been ranging for the most part of this year. With the Bank of Japan remaining on the sidelines, the USDJPY’s moves came largely due to the Federal Reserve’s FOMC than anything else. Of course, there was the October BoJ meeting which saw some economists expecting further easing.
Trading chart patterns is easy and even more so with Renko charts. But not all chart patterns are successful. In this article learn how to trade renko double top and double bottom chart patterns successfully.