Current Trend= Down
Only look for Short trades
The Cowabunga produced a short signal late last night at 11:45 ET. RSI was less than 50, Stochastics was heading down, and MACD was positive and starting to lose momentum. I entered at 9511 with a stop at the most recent swing high which was at 9530.
I exited my trade at 9400 because it was a 00 level. You could’ve also exited at 9450. I felt like there was still momentum even after the pair hit 9450 which is why I decided to adjust my stop and go for 9400.
Trade Result: +111 Pips