Current Trend= The trend remained down until 7am EDT. From 3am EDT – 7am EDT, a new trend change candle formed and changed the trend from down to UP. After 7am EDT, the trend remained up the rest of the day.
Today I only looked for short trades until 3am EDT. After 3am EDT I only looked for long trades.
2:15am EDT– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending down, but MACD was already negative. This cancelled out the signal and I did not enter.
Trade Result: +0 pips; R-Multiple: N/A
News events to watch for Monday :
- 4:30am EDT- GBP Average Earnings Index
- 8:30am EDT- US CPI
- 9:00am EDT– US TIC Data
- 9:15am EDT– US Industrial Production