Renko awesomeness - Gold back up. Lots of resistance ahead.
The 9th and 10th was all about trying to break above 1553 levels. On Friday after NFP we finally broke back above stopping out at 1562. Next levels of support are around 1569 and 1580 from the 6th January. Before heading up we could test the 1554-1556 levels from the 10th.
With my trading strategy, I will exit on any Renko bars that have wicks opposite to the direction I'm trading. These are marked with the red/green 'x'. I still have a long opened from 1550 with a SL of 1540.
Good luck to everyone trading in the coming week(s)
With my trading strategy, I will exit on any Renko bars that have wicks opposite to the direction I'm trading. These are marked with the red/green 'x'. I still have a long opened from 1550 with a SL of 1540.
Good luck to everyone trading in the coming week(s)
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A clearer picture on a higher TF.
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