ProFX System: Wednesday 10/07/15
Main Trend:
Main Trend was up on the 4Hr time frame.
News Events:
4:30am GBP Manufacturing Production m/m
10:30am USD Crude Oil Inventories
Today’s Trade:
2:00am Price moved slightly higher during Asia session breaking resistance level. Looking to go long during Euro session.
3:30am Price moved higher breaking Asia session’s high. Entered long position at 1.5267 risking 4% with a 50pip SL at 1.5217 and a 100pip TP at 1.5367.
4:30am GBP Manufacturing Production m/m was forecast .4% came out .5% pushed price higher.
4:30pm I closed my position at 1.5319 (+52 pips) with slightly more than 4% gain.