In the final part of the online webclass we move to the MT5 platform and I show you how to find trades in the faster timeframes using Renko charts and the USD/CAD. The Renko chart is so powerful as it reveals momentum, something you never see on a time based chart and therefore reveals when markets are speeding up or slowing down. In addition, this chart also smoothes out the price action, making levels much clearer and easier to forecast when a breakaway is occurring. Finally, we can use them with levels indicators such as the Camarilla levels indicator which gives a target for the next move in the trend.
Leave a Reply