Current Trend= The trend remained down the entire day
10:00 am ET– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 2.0129 with a stop at the most recent swing high which was at 2.0155. Since I was 29 pips away from the nearest 00 level I decided to put my target at 2.0100.
Entry: Short at 2.0129
Initial Target: 2.0100
4:00 pm ET– Unfortunately my target was not hit by this time so I manually exited my trade at breakeven.
Trade Result: +0 pips