USD/EUR: 4h Indicators (short term)

Expanding my TA beyond cryptocurrencies.

Looking at the indicators USD/EUR will make a little jump downwards when the market opens again and follow it up with some nice profit.

Trade chiuso: obiettivo raggiunto:

Top of the downwards channel, StorchRSI heading downwards again :)

Commento:

Closed the short at 0.87, could have made bigger gains but i respected the channel. Current situation @ 0.8640, 4hr MACD signaling the drop is not finished yet.
In combination with 4hr Stoch RSI and 4hr RSI, I am confident in the upcoming trade I will do. When the 4hr MACD curls up I will go long on USD/EUR, the 4hr RSI and stoch RSI tell me it's showtime soon so I am patiently waiting.

On the 1d chart all the indicators point downwards, so we are in a downtrend currently. I am simply trading the fluctuations in the downtrend :) GL

Commento:

4hr indicators:

1D indicators:

Commento:

1D: Stoch RSI crossed and wants to go up, RSI reaching a critical support point, MACD still headed downwards.

4Hr: MACD and Stoch RSI headed downwards, expected to hit the support*/slightly pierce it (if my analysis was correct and it indeed is a support*).

Commento:

4Hr: It feels good to be right :) We hit the target and it pierced it slightly like I said. MACD Curled up on the 4h, but watch the Stoch RSI closely! You know what that means ;)

1D: Stoch RSI ready for some GAINS! But don't lose sight of the bigger picture.