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Main Trend
Current Trend
The trend was DOWN until 4am EST. From midnight to 4am EST a new trend change candle formed and changed the trend from down to UP. After 4am EST the trend remained up the rest of the day.
Today I only looked for short trades until 4am EST. After 4am EST, I only looked for long trades.
News events to watch for today :
- 4:00am EST– UK BBA Mortgage Approvals
- 10:00am EST– US New Home Sales
Today’s Surf
2:00am 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 from the previous candle. This cancelled out the signal and I did not enter.
10:00am EST– There was a valid signal here but because it was a news candle I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Wednesday:
- 8:30am EST– US Durable Goods
- 9:30am EST– US Congressional Budget Office releases economic outlook
- 10:00am EST– US FHFA House Price Index
For a complete list of news events check out our Forex Economic Calendar.
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