The trend was DOWN until 7am EST. From 3am – 7am EST, a new trend change candle formed and changed the trend from down to UP. After 7am EST, the trend remained UP the rest of the day.
Today I only looked for short trades until 7am EST. After 7am EST, I only looked for long trades.
News events to watch for today:
No Valid Signals Today!
Trade Result: +0 pips R-Multiple: N/A
News events to watch for Wednesday:
- 4:30am EST– UK Claimant Count Rate
- 8:30am EST- US CPI
- 9:15am EST– US Capacity Utilization
- 10:00am EST– US NAHB Builders Survey