Current Trend= The trend remained up the entire day
Today I only looked for long trades
News events to watch for today :
10:45am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9969 with a stop at the most recent swing low at 1.9906. Since I was 31 pips away from the nearest 50 or 00 level, I decided to put my initial target at 2.0000.
Entry: Long at 1.9969
Initial Target: 2.0000
3:45am EST– My target wasn’t hit by this time. It was the end of the day so I closed my trade out. I exited at 1.9946.
Trade Result: -23 pips : R-Multiple: -0.36
News events to watch for Monday :