Current Trend= The trend remained up the entire day.
Today I only looked for long trades.
4:45 am ET– This was a moving average crossover for a long trade. RSI was greater than 50, stochastics was trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 9974 with a stop at the most recent swing low at 9936. Since I was 26 pips away from the nearest 00 level I decided to put my target at 2.0000.
Entry: Long at 9974
Initial Target: 2.0000
5:15 am ET– My target is hit. The candle doesn’t make a clean break so I take my final profit.
Trade Result: +26 pips; R-multiple: .68