We will not trade at this hours: 7:30-8:30, 9:30-10:30, 14:00-15:00, 15:30-18:30.
5 Minute chart and Hourly charts are both into bearish trend. Maybe that trend is not so strong, but it is trend. That why we are looking for bearish entry on 5 minute chart. We are near Support Line 1 and need to see if we have time to enter before we reach that line. RSI is kind of low and maybe we should wait for a raise.
Hourly trading is as well going to be bearish. Because we have bearish trend on hourly chart and neutral trend on Daily chart. RSI is in better position and we could enter anytime we find good entry.
Enter sell on 5 minute chart at 1.4354. Stop Lose is set at: Will decide soon. Exit take 15 pips we will re-enter soon.