The trend was down until 8am EST. From 12 midnight – 8am EST a new trend change candle(s) formed and changed the trend from down to UP. After 8am EST, the trend remained up the rest of the day.
Today I only looked for short trades until 8am EST. After 8am EST, I only looked for long trades.
News events to watch for today :
- 4:30am EST- UK Manufacturing Production ; Industrial Production
- 7:00am EST– UK BOE Rate Decision ; BOE Asset Purchase Target
- 8:30am EST– US Initial Claims
No trade signals were generated today.
Trade Result: +0 Pips R-Multiple: N/A