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Main Trend
Current Trend
The trend was DOWN until 4am EST. From 12am – 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 long trades.
News events to watch for today:
- 6:00am EST– UK CBI Distributive Trades
- 10:00am EST- US New Home Sales
Today’s Surf
1:30, 2:45am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending up but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.
10:45am EST– Didn’t consider this possible signal because it was close to 12 noon EST.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Wednesday:
- 9:00am EST– US FHFA House Price Index
For a complete list of news events check out our Forex Economic Calendar.
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