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Main Trend
Current Trend
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
Today’s Surf
8:30am EST– Didn’t consider this possible signal because it was on a news candle.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Friday:
- 4:30am EST– UK Manufacturing Production; Industrial Production
- 10:00am EST– UK NIESR GDP
For a complete list of news events check out our Forex Economic Calendar.
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