Current Trend= The trend remained down the entire day.
Today I only looked for short trades.
2:15am EDT- 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 2.0396 with a stop at the most recent swing high at 2.0446. Since I was 46 pips away from the nearest 50 or 00 level, I decided to put my target at 2.0350
Entry: Short at 2.0396
Initial Target: 2.0350
4:15am EDT- My target was hit. Price didn’t make a clean break so I took my final profit. I managed to exit at 2.0352
Trade Result: +44 pips; R-Multiple: 0.88
News events to watch for tomorrow :
- 9:00am EDT- US TIC Data