The trend stayed down the entire day.
Today I only looked for short trades.
News events to watch for today :
- 7:00am EST- UK Official Bank Rate
- 8:30am EST– US Trade Balance; Unemployment Claims
7:45am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, but MACD was already negative. Plus this candle came right before a news report at 8:30am EST so I did not want to enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for tomorrow:
- 4:30am EST- UK PPI Input m/m
- 8:30am EST– US Core Retail Sales m/m
- 10:00am EST– US Prelim UoM Consumer Sentiment