Yellow circle: This is tricky. 1m bullish candles form above the low after the open, and the low is not secure. We would assume it wouldn’t bounce here, and yet it does, and there are no good signals for entering near these levels whatsoever.
Orange circle: 1m finally makes a better signal, with a bullish candle double bottom on the 34. News comes prior at 7:00 and takes several hours before it reverses.
Blue box: This is the best signal we get, a bearish gravestone harami engulfing 7J on 5m, and we know the news needs to reverse, so we get a run from 700 down to 480 to fix the news move. Unfortunately, while trading this, I exited around 600. Beautiful day/reversal move.
Blue circle: 1m offers a decent bearish engulfing entry on the 34 before the move really starts going, and then after that, there’s hardly any good chances.
