How to determine Support and Resistance in the Renko Chart


What is support and resistance?
Support and resistance is a concept in technical analysis that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level.(wikipedia.org)

In the renko chart we will easier to determine the support and resistance lines,let's see these images below:


First  Image is EUR/USD TF H1 and second is EUR/USD M2 with renko chart.Both images're in the same time market.
What do you think?
Renko charts have more firmer reversal area.Higher highs and lower lows.

Let's us draw horisontal line as Resistance in the TF chart at 1.176006 :


If you draw at the same price 1.176006, in the Renko chart you will see below:


 So what is the actual Resistance?
Both of them are Resistance lines.But you can determine other Resistance lines in the Renko chart easier,example:


It's very helpful to analize your trade,isn't it?



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