I have checked it on various pairs and it all more or less shows the same thing.
This is me cherry picking a good trade example but all other pairs tend to show the same tendency. So this strategy applies.
This can be put into a robot to trade rather easily
This is a 1 hr chart where the dotted white line is the start of the day.
It started with a blue candle. A yellow horizontal line is drawn to indicate the border of the upper and lower side for the rest of the day.
We are to decide whether to Buy or Sell for the day or part of the day.
The SOP is.(for Sell)
1. Candle close in the upper border and close above the emas14.
2. emas 14 in the upper border (regardless is sloping up or down)
In the above case, no go until the candle dip down the border and close below e14 at the dashed red line.
At this point sell all the way. We may think of Paroli sequence or POs with SL: at the border or min 20 or 25 pips. In this case one candle hit it and it was only 16 pips far away.
So there is many ways to think of but we decided then that its only SELL.
Of course this is an ideal trend day, Some pairs may have haphazard Buy and Sell and that we will think how to tackle.
