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 1.6134 with a stop at the most recent swing low at 1.6093. Since I was 16 pips away from the nearest 50 or 00 level I decided to put my target at 1.6150.
Entry: Long at 1.6134 Stop: 1.6093 Target: 1.6150
8:15am EST- My target wasn’t by this time. Since news was coming out at 8:30am EST I decided to manually exit my trade. I closed my trade out at 1.6119.
Trade Result: -15 pips R-Multiple: 0.36
News events to watch for Friday:
- 8:30am EST- US Empire Survey; CPI
- 9:15am EST- US Industrial Production; Capacity Utilization
- 9:55am EST- US Univ of Mich Sentiment