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Main Trend
Current Trend
The trend was UP the entire day.
Today I only looked for long trades.
News events to watch for today :
- None
Today’s Surf
2:00am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD went from negative to positive. This was a valid entry.
The entry was at the close of the candle at 1.4262 with a stop at the most recent swing low at 1.4237. Since I was 38 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4300
Entry: Long at 1.4262 Stop: 1.4237 Target: 1.4300
3:15am EST– Unfortunately I was stopped out of my trade. (-25 pips)
Trade Result: -25 pips R-Multiple: N/A
News events to watch for Wednesday:
- 4:30am EST– UK Manufacturing Production
- 10:00am EST– US Wholesale Inventories
For a complete list of news events check out our Forex Economic Calendar.
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