2015-07-25_00-05-10 eurgbp 5min

Now we will try to take advantage of a shorter time frame to enter our trade.

Our bias is short, the trade plan is to short from resistance and our trigger might be a 5/8MA crossover, a double top or a bearish 123 pattern.

For our dear traders that use candlestick patterns a bearish engulfing, a belt holt a dark cloud cover, a meeting line, an evenning star or a harami might be used to enter a short trade.

Please note also here that the price levels are the same as on the 1 hour chart meaning the orange upper horizontal trendline should not be taken out. If it is then the trade plan looses its validity

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