Two rules-based M5 ideas for today's London session. Each entry follows the M15 and H1 trend (EMA 20/50/200) at a level, after an M5 rejection candle.
M5 | XAUUSD | SELL | Entry 3914-3917 | SL 3926 | TP 3895
Reason: M15 and H1 below EMA 20/50/200; sell a rejection at the 3,915-3,919 Asian-high resistance, take profit before 3,893 support.
M5 | EURUSD | BUY | Entry 1.1186-1.1192 | SL 1.1172 | TP 1.1228
Reason: M15 and H1 above EMA 20/50/200; buy a pullback to the M15 EMA 20 and old 1.1190 resistance after the 1.1200 break.
Both ideas are valid until 13:00 Prague if not triggered. The Eurozone manufacturing PMI is at 10:00 Prague, so no new EURUSD entry between 09:55 and 10:10. US ISM Manufacturing PMI at 16:00 is after expiry.
Sunday's free results (BTCUSD, checked on Kraken M5 data): the pullback buy expired without triggering; the breakout-retest buy triggered and closed at expiry with a small loss (about -0.5R).
Educational idea, not financial advice. Trading carries risk.
ClearSpec EA Lab codes custom MT5 Expert Advisors.
