The trend was DOWN the entire day.
Today I only looked for short trades.
News events to watch for today:
- 8:30am EST– US Initial Claims
1:00am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down but MACD was already negative from the previous candle. This cancelled out the signal and I did not enter.
7:30am EST– Didn’t consider this possible signal because it was close to the 8:30am EST news event.
Trade Result: +0 pips R-Multiple: N/A