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Main Trend

Current Trend= The trend remained down the entire day.

Today I only looked for short trades

News events to watch for today :

Today’s Surf

1:15am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 1.9791 with a stop at the most recent swing high at 1.9822. Since I was 41 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9750.

Entry: Short at 1.9791
Stop: 1.9822
Initial Target: 1.9750

2:30am EST- My target was hit. Price didn’t make enough of a clean break for me to continue on, so I took my final profit. I exited at 1.9749.


Trade Result: +42 pips : R-Multiple: 1.35

News events to watch for tomorrow :
  • 4:30am EST– MPC Meeting Minutes
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