The trend was down the entire day.
Today I only looked for short trades.
News events to watch for today :
The entry was at the close of the candle at 1.5822 with a stop at the most recent swing high at 1.5867. Since I was 22 pips away from the nearest 50 or 00 level I decided to put my target at 1.5800.
Entry: Short at 1.5822 Stop: 1.5867 Target: 1.5800
6:45am EST– My target was hit. Price didn’t make a clean break so I took my final profit. I exited at 1.5802. (+20 pips)
Trade Result: +20 pips R-Multiple: 0.44
News events to watch for Wednesday:
- 4:30am EST– UK ILO Unemployment Rate; Claimant Count Change; Average Earnings
- 10:00am EST– US Bernanke Speaks