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.
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 closed: target reached
Top of the downwards channel, StorchRSI heading downwards again :)Note
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
Note
4hr indicators: 1D indicators:
Note
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*).
Note
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.
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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.