EURUSD momentum is still firmly to the downside at the moment. We are looking for opportunities to short unless we see momentum shift to the upside. If price crosses back into the range of the previous Renko bar based on the daily ATR(52) 92 PIP box, we will close any open short positions. Our bias will shift to long if we see a bullish Renko bar close on this chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.