The trend was up the entire day.
Today I only looked for long trades.
News events to watch for today :
4:00am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD went from negative to positive. This was a valid entry.
The entry was at the close of the candle at 1.5954 with a stop at the most recent swing low at 1.5913. Since I was 46 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.6000.
Entry: Long at 1.5954 Stop: 1.5913 Target: 1.6000
10:45am EST- Unfortunately I was stopped out of my trade. (-41 pips)
Trade Result: -41 Pips (Not including spread) R-Multiple: -1.00