Yellow box: Before the open, we can see that the 15m is on its way down. The 1H MACD is going up, so the day will end up higher. But first, we want a low break of the overnight session. The first few minutes are swinging up and down with no real trades, but then 1m makes a great bearish signal, along the 5m 34. This short takes us directly to the new low.
Orange circle: After the low, we can start looking for longs. We get our first good setup on the 5m 34, shortly after the 5m has started to turn around. 1m comes off the 34 with a strong bullish harami hammer and we could hold this the whole way.
Yellow circle: If not holding the whole way, or exiting on the 5m bearish candle around 8:30, we can look for the pullback to the 21/34. We get one on the second 1m dip below 0. The first dip is tricky, it comes off the 5m 21 and makes a 7J non-sig candle, but the MACD is sharply declining and the 5m doesn’t recover strongly off the 21. Regardless, this would be a good trap for us to enter early on accident. Instead, look for the second dip where there is a better 7J doji hammer at the least, and the 5m ends up coming off the 34. Also, we may not even want to take this trade normally because of how the 5m came down off the 7J bearish candle and MACD has crossed down, but because 15 and 1H are so strong, it might be worth it to assume these are fine.
Blue circle: The final long entry comes on the 5m 21 with another 1m down wave, but there are no great sig-candles on the 1m. The market is very slow and sideways by this point, but the setup is still solid and produces 120+ points.
