The trend was UP the entire day.
Today I only looked for long trades..
News events to watch for today :
2:00am 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 signal. I entered at the close of the candle at 1.5322 with a stop at the most recent swing low at 1.5307. Since I was 23 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.5350.
Entry: Long at 1.5322; Stop: 1.5307; Target: 1.5350
2:45am EST- Unfortunately I was stopped out of my trade. (-15 pips)
4:30am EST– Didn’t enter because it was a news candle.
Trade Result: -15 pips R-Multiple: -1.00