Today was a great day for trading forex, specially after yesterday's rate cut from Fed.
So here is the chart:
So the things were like this:
- 2 EMA's crossed at 4.00AM GMT
- Price breaks RegChan at 4.30AM GMT
- MACD turned down at 8.00AM GMT
- W%R was above -80 level also at 8.00AM GMT
- price was under the 2 EMAs
Perfect entry: SELL with 2 lots at 99.03
Time of trade: 5 minutes
Profit: 2 lots x 10 pips/lot = 20 pips x $10/pip = $200
Another beautiful trading day in Forex :)
Happy PIPpin day !