Looking for 5min Shorts based on Daily Trend

9 ביולי 2016

Looking at the daily EURUSD chart it seems that price is currently range bound (pink lines), be it quite a wide range.

Currently, within the range i seem here is more pressure to the downside as shown by the 4 hour trendlines (pink lines)

I will be looking at shorting opportunities on the 5 min chart when price test 1.11560 levels. Signals to short will be indecision candles and/or changes to candle colour on 1hr Heikin Ashi chart, as well as price moving down from over brought ranges.

Feedback,criticism and comments always welcome :-)