The trend was UP until 4am EST. From 12am – 4am EST, a new trend change candle formed and changed the trend from up to DOWN. After 4am EST, the trend remained down the rest of the day.
Today I only looked for long trades until 4am EST. After 4am EST, I only looked for short trades.
News events to watch for today :
- 4:30am EST- UK Visible Trade Balance
- 7:00am EST– UK BOE MPC Base Rate
- 8:30am EST– US Initial Claims
- 10:00am EST– US Wholesale Inventories
8:30am EST– Didn’t consider this possible signal because it was on a news candle.
Trade Result: +0 pips R-Multiple: N/A