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Main Trend

Current Trend

The trend was up the entire day.

Today I only looked for long trades.

News events to watch for today :

Today’s Surf

3:00am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry.

The entry was at the close of the candle at 1.5855 with a stop at the most recent swing low at 1.5812. Since I was 45 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5900.

Entry: Long at 1.5855 Stop: 1.5812 Target: 1.5900

5:00am EST- My target was hit. Price did not make a clean break so I took my final profit. I exited at 1.5895. (+40 pips)

entry2

Trade Result: +40 pips (Not including spread) R-Multiple: 0.93

News events to watch for Friday:

For a complete list of news events check out our Forex Economic Calendar.
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