The trend was up until 3am EST. From 11pm – 3am EST, a new trend change candle formed and changed the trend from up to DOWN. After 3am EST, the trend remained down the rest of the day.
Today I only looked for long trades until 3am EST. After 3am EST, I only looked for short trades.
News events to watch for today :
- 6:00am EST– UK CBI Distributive Trades
- 8:30am EST– US Initial Claims; Durable Goods ;
- 10:00am EST– US FHFA House Price Index; New Home Sales
5:45am EST– There was a valid signal here but because it was right before a news event I did not enter.
10:00am EST– There was a valid signal here but because it was a news candle I did not enter.
Trade Result: +0 pips R-Multiple: N/A