Renko trading prices are support and resistance. The price action and reaction at these prices make them significant since these chart areas tend to hold and become the starting point for swing reverses.
As a result, the Renko trading method filters trades at these prices. Or until there is a Renko breakout setup, where the trading price fails as support or resistance and can lead to swing continuation.
Renko chart pattern breakout strategies are a beneficial to our trading method as additional trade setups. And because these breakout trade setups tend to lead to price continuation they are trades that could be done with extra size or as another addon trade in a trading swing.
Discussion of Renko price trading strategies and how price affects our trading method. Renko chart prices can be trade setup filters, but they can also be used in trade setups for the failure of support or resistance, along with the breakout of trend lines and price patterns.
Using Renko chart trading price lines is an important part of our trading method. This is because the relevant price lines that are support or resistance tend to hold, so we use them as a trade setup filter and avoid trading into them. However, the diagonal prices from trend lines and chart patterns tend to breakout and thus make good trade setup components.
Discussing combining our Renko indicator trading strategies, with our trade setup filters. The objective is to avoid entering a trade directly into price support or resistance and/or against price momentum.
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