The trend was UP until 7am EST. From 3am – 7am EST, a new trend change candle formed and changed the trend from up to DOWN. After 7am EST, the trend remained DOWN the rest of the day.
Today I only looked for long trades until 7am EST. After 7am EST, I only looked for short trades.
News events to watch for today:
- 4:30am EST– UK Retail Sales
- 8:00am EST– UK BOE Tenreyro Speaks
- 8:30am EST– US Retail Sales
- 10:00am EST– US Business Inventories
No Valid Signals!
Trade Result: +0 pips R-Multiple: N/A