Renkotrade

EURUSD possible Trendchange to Long NEUTRAL for today

FX:EURUSD   Euro / U.S. Dollar
Hello to all watching my charts.

I bring you here my EURUSD pair with 2
of my channels.

The longer time frame channel with blue lines

(similar as you know from yesterday short)

and the shorter time frame chhanel with purple lines.

So its easy to check the trend has little bit changed but we are still
something so to say short with 60 tp 40 percentage chance to a
Neutral or Long position as next.

Positive ( and thats the more 60 to 40% reason )
is that we do see higher highs and little bit higher lows
which indicates us normally a Long trade.

If i had included also a 20 units channel it has been long at the moment
but these short time channels often failed.

As my channels checked last 50 or last 100 units
we have to wait a little bit.

So if you had short positions is would close them.

Good trades

Renkotade

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.