Three rules-based M5 ideas for today. The rule: trade only in the direction of the M15 and H1 trend (price below a falling 20 and 50 EMA), wait for a pullback into a level, and enter on an M5 rejection candle. Minimum reward to risk is 1:1.5 from any price inside the entry zone.
M5 | XAUUSD | SELL | Entry 3995-3998 | SL 4005 | TP 3980
Gold slipped back under 4,000 after hot US data. The overnight floor around 3,995-4,000 is now the area to watch for a pullback sell.
M5 | NAS100 | SELL | Entry 28860-28890 | SL 28980 | TP 28680
Index futures fell about 2% after Amazon results and Intel guidance. The zone is the overnight lower high. Levels are in cash/CFD terms; December futures trade roughly 160 points higher.
M5 | BTCUSD | SELL | Entry 78400-78550 | SL 78900 | TP 77650
Bitcoin is following tech lower with lower highs on H1. The zone is the Asia-session lower high.
Expiry: valid today until 15:00 Prague time (CET) if not triggered.
News to avoid for new entries (Prague time): 10:00 German GDP, 11:00 Eurozone GDP, 13:30 US Employment Cost Index, 14:00 German CPI, 14:30 US cash open, 14:45 Chicago PMI.
Results of these ideas, wins and losses, will be posted tomorrow.
Educational idea, not financial advice. Trading carries risk.
