Cowabunga Forex System Daily Update: Trend Change During Our Session?

Main Trend

Current Trend

The trend was UP until 11am EST. From 7am – 11am EST, a new trend change candle formed and changed the trend from up to DOWN. After 11am EST, the trend remained down the rest of the day.

Today I only looked for long trades until 11am EST. After 11am EST, I only looked for short trades..

News events to watch for today:

• 8:30am EST– US PPI
• 11:30am EST– US Fed Kashkari Speaks

Today’s Surf

No valid signals today!

Trade Result: +0 pips R-Multiple: N/A

News events to watch for Wednesday:

• 4:15am EST– UK BOE Carney Testifies
• 4:30am EST– UK CPI
• 8:30am EST– US Import Price Index

For a complete list of news events check out our Forex Economic Calendar.
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