renko price action

The equidistant price channel Renko trading strategy is a price action based trading strategy that is used to trade the counter trend moves. Using the equidistant price channel, traders can identify potential short term reversals that take place within a trend. Learn more on how to trade price reversals on Renko charts using the equidistant price channel.

We take a look at the CADCHF technical analysis based on Renko charts. A potential long term trade opportunity is on the horizon which offers a lucrative long term 'Buy and Hold' trade opportunity for forex traders.

Of the many chart patterns that appear in Renko charts, the "W" pattern is one of the most reliable renko chart pattern to trade. This article gives a step by step outline of how to identify the "W" pattern and how to trade it.

Trading price action can be quite demanding. With Renko charts it is a lot easier, but on the same note, price action trading with renko charts requires a lot of patience. Read this article along with an example that illustrates a renko chart price action trade set up.