7:00 News: There isn’t a great way to enter this move, and the 7:00 news runs to a new high momentarily before dropping in the same candle. We can short along the 1m 34, potentially, at 7:05, but the entry isn’t as perfect. Either way, the move works if we read the 5m divergence pre-open and play off the new high, knowing it cannot go up from the news.
Yellow circle: 1m comes off the 34 with a bearish harami hanging man non-7J, for an immediate new low. But in this context, there isn’t a clear direction to pursue for the entire morning.
Orange circle: 1m bullish inverted hammer harami 7J, on the first down wave after the attempted move up. We can’t take this as a true 5m trend, because 5m barely goes anywhere anyway, but we can get a bullish run to a new relative high from this move. It is very slow, but worth 60+ points. Still decent.
