The trend was DOWN until the entire day today.
Today I only looked for short trades.
News events to watch for today:
12:30am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down and MACD was positive and losing value. This was a valid entry.
The entry was at the close of the candle at 1.2933 with a stop at the most recent swing high at 1.2937. Since I was 33 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.2900.
Entry: Short at 1.2933 Stop: 1.2937 Target: 1.2900
4:15am EST– My target wasn’t hit by this time. Since news was coming out at 4:30am EST, I decided to lock in as much profit as I could and exited my trade at 1.2930. (+3 pips)
9:15am EST– Didn’t consider this possible signal because it was during a news event.
11:45am EST– Didn’t consider this possible signal because it was close to 12 noon EST.
Trade Result: +3 Pips R-Multiple: 0.75