The trend was up the entire day.
Today I only looked for long trades.
News events to watch for today :
The entry was at the close of the candle at 1.6333 with a stop at the most recent swing low at 1.6322. Since I was 17 pips away from the nearest 50 or 00 level, I decided to set my initial target at 1.6350.
Entry: Long at 1.6333 Stop: 1.6322 Target: 1.6350
2:45am EST- My target was hit. Price did not make a clean break so I took my final profit. I exited at 1.6347. (+14 pips)
10:15am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, but MACD was already positive from the previous candle. This cancelled out the signal and I did not enter.
Trade Result: +14 pips R-Multiple: 1.30; 1.27