Posting after a while as I was studying RENKO charts. Very beautiful charts but very difficult as they only take price action to calculate, so one RENKO box may get completed in a day whereas the next one may take a week and sometimes 2 or 3 RENKO boxes in day. Have taken a short trade based on RENKO chart and SAR and MACD signal.
The Pair has not made lower low on Heikin Aishi price charts. On the 1 Hour chart, it is made a green candle with MACD histogram rising and Stoch also giving buy signal. So wait and watch for buy signal.
You enter a trade and it is going in your favor, the profits are looking so attractive that you decide to make an exception in your trading strategy and close the position and cash the profits. Wow.. and then what happens!! You are out of the market, the trade is still going in your favor, and you are just calculating that you could have made so much more as now...
Price action has made a higher low and uptrend shall be confirmed with a higher high by breaking above the 95.3.
Enter long with a candle closure above 95.3.
Stop loss: Previous low.
Target: As show in chart.
21:33 Hrs 24th Sep 2018
Pulling My First Idea on GBPINR which was published in Oct 2016. Charts speak much better. Once it starts moving above 105.70 - More on upside
Oct 2016 Published Idea - Good Times Ahead from 79-81 Zone