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Current Trend= The trend remained down the entire day
Today I only looked for short trades.
News events to watch for today :
- 8:30am EDT- US PPI; Unemployment Claims
- 10:00am EDT– US Philly Fed Index
3:45am EDT– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle at 1.4587 with a stop at the most recent high at 1.4648. Since I was 37 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4550.
4:30am EDT- Unfortunately I was stopped out of my trade.
Trade Result: -61 pips (NOT INCLUDING SPREAD) R-Multiple: -1.00
News events to watch for tomorrow :
- 8:30am EDT- US CPI
- 9:00am EDT– US TIC Data
- 9:55am EDT– US Prelim UoM Consumer Sentiment
For a complete list of news events check out our News Section