The trend was UP the entire day.
Today I only looked for long trades.
News events to watch for today:
2:00am EST– There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up and MACD was negative and gaining value. This was a valid entry.
The entry was at the close of the candle at 1.2563 with a stop at the most recent swing low at 1.2549. Since I was 37 pips away from the nearest 50 or 00 level I decided to put my initial target at 1.2600.
Entry: Long at 1.2563 Stop: 1.2549 Target: 1.2600
2:45am EST– Unfortunately I was stopped out of my trade. (-14 pips)
Trade Result: -14 pips R-Multiple: -1.00