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